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Office Investment at the Murrough, Wicklow Town, Co. Wicklow

Investment Property (1,063.00 sqm) Sold
of

Sold

Features

  • Superb location along the Murrough, north east of Wicklow town.
  • Modern office development extending to approximately 1,063 sqm (11,442 sqft).
  • Fully let to 2 separate tenants, OPW & Teck Ireland, producing €164,926 per annum.
  • Easy access to M11.
  • 20 car parking spaces.
  • Tenants not affected.

Location

The subject property is located in an area called the Murrough which is located to the east of Wicklow town. The Murrough is a coastal complex which stretches for approximately 15 km from Ballygannon near Kilcoole to the north of Wicklow town. The property is on the western side of the Murrough and the site is rectangle shaped.

Wicklow town is the county town in Co. Wicklow. It is approximately 50km south of Dublin city centre and approximately 28 km south of Bray town centre. It is in close proximity to the N11 which is approximately 4km away. The surrounding area is a mix of residential to the south and commercial to the north. The area enjoys views over the sea, port and harbour area of Wicklow Town.

 

Full Description

The property comprises of a modern detached “L” shaped office development laid out over three floors, constructed approximately 14 years ago. It is currently occupied by two tenants, The Commissioners of Public Works in Ireland (OPW) and Teck Ireland Ltd. The OPW occupy the ground and first floor while Teck Ireland Ltd occupies the second.

Internally, the office accommodation is arranged around a central access core at ground, first and second floor. There is 20 car spaces to the front of the property.

 

Price

Offers are being sought in excess of €1,250,000 exclusive.

 

Joint Agent

Clarke Auctioneers

 

Stephen Clarke

Phone: 0404 40421



 

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Tenant Floor Term Income ex. VAT & Service Charge Service Charge Size NIA Sq.m Size NIA sq.ft
    The Commissioners of Public Works in Ireland (OPW) Ground and First  Agreement from 4/12/2000 for 20 years  €123,926p.a.  €36,000 p.a  687 7,395 
     Teck Ireland  Second  Lease for 4 years 9 months from 01/11/2015, break option year 3  €41,000 p.a.  €9,831 p.a (exclusive of VAT)  376  4,047
     Total      €164,924 p.a    1,063 11,442 

     

     

     

BER Details

BER: B3

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.