Search Results

Portfolio of Units For Sale at Q House Furze Road Sandyford Dublin 18

Investment Property (3,168.00 sqm) For Sale by Private Treaty
of

Price Offers in the Region of €9,500,000

Location

Q House is located on the eastern side of Furze Road, approximately 100 metres south of Blackthorn Road, in the prime south suburban office location of Sandyford Dublin. The immediate area is home to many large multinationals including Bank of America Merrill Lynch, Microsoft and Vodafone.

This award winning development is adjacent to an array of amenities such as the Beacon Hotel and the neighbouring Beacon South Quarter retail district.

The LUAS Green line also serves the Sandyford area, providing fast light rail transport to and from Dublin city centre (north) and onwards to Cherrywood & Brides Glen (south). The nearest LUAS stop is Sillorgan, situated within 10 minutes walking distance from the property. Additionally, Dublin Bus run three bus routes that serve the immediate area.

Q House is positioned conveniently close to the M50 motorway (1km South) which encircles Dublin city and provides direct access to the country’s full road infrastructure.

 

Investment Summary

 

  • Single lot sale of 21 modern office suites and one retail unit within a larger award winning development, Q House, completed circa 2008.
  • Entire collection extends to approximately 3,168 sqm (34,100 sqft) G.I.A.
  • 54 car parking spaces.
  • Rent of €646,342 per annum across twelve tenancies. (Average passing rent equal to €22.00 psf inc. cars).
  • Immediate potential to increase rental income by leasing four vacant office suites and through active management in the short term.
  • Estimated rental value in the order of €965,000 per annum (€27.00 psf and €1,100 per car parking space), representing a reversionary yield in the order of 9.7%.

 

 

Full Description

Q House is a modern high profile seven storey over basement commercial development that provides a total of 62 office suites and a ground floor retail unit.

 

Designed by DMOD Architects, this striking development comprises two distinct buildings joined by a shared open aired courtyard at first floor level and sets of link ways which connect the upper floors of the buildings. Externally, the buildings are finished with a large volume of glazing and natural stone. The entire development extends to approximately 8,960 sqm (96,500 sqft) GIA and was completed in circa 2008.

 

The portfolio of units being marketed for sale comprise 21 office suites and a ground floor retail unit. In total these extend to approximately 3,168 sqm (34,100 sqft) GIA. Ten of the office suites have been amalgamated into four larger units to cater for tenant expansion. There are currently four vacant office suites, with the balance leased via twelve tenancies. Tenants include Grenke Finance plc, Skillnets, and ClaimVantage Corporation Limited which together account for 63% of the current income.

 

Specification


The specification of Q House is modern in design and build quality. The buildings and courtyard are positioned to maximise the amount of natural light into the office suites. The high quality common areas and exterior in particular are a feature which sets it apart from other developments in the Sandyford area.


The suites are generally open floor plates which allows for an extremely efficient gross to net floor area.

Other specifications include:

  • 4 x 800kg capacity Kone passenger lifts servicing all floors
  • Open aired landscaped courtyard at first floor level
  • Secure car parking at ground and basement levels.
  • Aluminium double glazed windows
  • Raised access floors (150mm)
  • Suspended ceilings with recessed lighting
  • Mixture of air conditioning and gas fired central heating across the portfolio

 

Viewing Details

By special appointment with the sole selling agent, Lisney.

Accommodation

    Unit No. Add. Unit Size Sq.M Size Sq.Ft Cars Tenant Rent L.Start Rent Review L.Expiry Next Break Option Additional Breaks
    100 155.52 1,674 0 Insomnia Limited €27,000 17/06/2013 17/06/2018 16/06/2023 17/06/2018 n/a
    111 236.44 2,545 5 Aspire Technology Limited €68,600 01/11/2016 n/a 31/10/2021 n/a n/a
    202 99.96 1,076 2 O'Regan Financial Services Limited €31,252 10/02/2017 10/02/2022 09/02/2032 10/02/2022 10/02/2027
    203 204 197.23 2,123 3 Minister for Justice Equality and Law Reform €43,590 03/10/2010 03/10/2020 02/10/2030 03/10/2020 03/10/2025
    209 99.96 1,076 2 Vacant €0
    210 99.96 1,076 2 Evergreen Wealth Management Limited €26,200 08/10/2015 n/a 07/10/2018 n/a n/a
    302 99.41 1,070 2 GNM Accountancy Limited €30,376 13/03/2017 13/03/2022 12/08/2027 13/03/2024 n/a
    306 307 342.07 3,682 7 Grenke Finance plc €65,912 01/08/2014 01/08/2019 31/07/2024 01/08/2019 n/a
    310 98.94 1,065 2 Vacant €0
    402 99.50 1,071 2 Maurice Fitzgerald & Seamus Rogers €29,200 27/07/2016 n/a 26/07/2021 n/a n/a
    410 411 334.45 3,600 7 Grenke Finance plc €94,100 07/11/2016 07/11/2021 06/11/2026 06/11/2022 n/a
    501 502,503,504 560.39 6,032 8 Skillnets €104,512 01/01/2013 n/a 31/12/2017 n/a n/a
    505 104.98 1,130 2 Vacant €0
    511 236.90 2,550 2 ClaimVantage Corporation LImited €73,600 01/03/2017 28/02/2022 28/02/2022 n/a n/a
    512 140.75 1,515 2 Vacant €0
    601 261.99 2,820 5 GC Asthetics Management Limited €52,000 15/09/2008 n/a 14/08/2018 n/a n/a
    Cars 0 0 1 Vacant €0
    Total 3,168 34,105 54 €646,242
     

BER Details

BER: B2-E1

Solicitor

Eversheds Sutherland

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.

Recently Sold or Let in this area

  • Yard at Bracken Road, Sandyford Industrial Estate, Dublin 18, Sandyford