6
BY PRIVATE TREATY (Tenant not affected) OFFICE INVESTMENT OPPORTUNITY For Sale Beech Hill Office Campus, Clonskeagh, Dublin 4 BEAVER HOUSE www.beaverhousedublin4.com
BY PRIVATE TREATY (Tenant not affected)
OFFICE INVESTMENT OPPORTUNITY
For Sale
Beech Hill Office Campus, Clonskeagh, Dublin 4
BEAVER HOUSE
www.beaverhousedublin4.com
BEAVER HOUSE
• Modern,3 storey office building of approximately 2,739 sq m (29,482 sq ft) GIA with 90 parking spaces.
• Two floors let to Maxim Integrated Products International Limited (current passing rent of €315,500 pa).
• Net initial yield of 5.5% with growth potential to over 8% through letting of vacant ground floor.
Unique opportunity to acquire fully refurbished office investment in well-established Dublin 4 campus setting.
LocationThe property is located within Beech Hill Office Campus, off the Clonskeagh Road in Dublin 4 and is conveniently positioned approximately 4km south of the city centre. The campus itself is highly regarded as one of the most successful office parks on the periphery of Dublin’s prime CBD and has attracted a number of high profile corporate occupiers including Ericsson, Topaz, Smurfit Kappa and Paddy Power.
The area is easily accessed by public transport facilities, particularly via road and Dublin Bus infrastructure with numerous city and suburban routes servicing the city centre, UCD Campus and Dundrum Shopping Centre nearby. The main southerly quality bus corridor which
runs along the N11 Stillorgan Dual Carriageway (N11) is located approx. 700 meters from the campus and the LUAS Green Line service can be accessed a short distance away at Milltown station.
There are numerous amenities and facilities within close proximity including cafes, restaurants, public houses, service station and leisure/gym facilities and the popular villages of Donnybrook, Ranelagh and Clonskeagh nearby further enhance local amenities. Occupiers can also enjoy access to local parks, particularly the River Dodder walking trail which links the Clonskeagh Road and Milltown Road.
• New 15 year lease (10 year break) from 2015. • For further information visit www.beaverhousedublin4.com
For further information visit www.beaverhousedublin4.com
Clonskeagh Road
Stillorgan Road
Beech Hill Road
Bective Ranger FC
Donnybrook Stadium LRC
David Llyod Fitness
River Dodder
RTE
UCD
BEAVER HOUSE
Fully refurbished office investment in well-established Dublin 4 campus setting.
N2
M1
TRAIN LINE
DART LINE
MALAHIDE
PORTMARNOCK
TALLAGHT
CLONDALKIN
HEUSTON
SWORDS
SANTRY
BEAUMONT
DUBLINAIRPORT
LUAS RED LINE
MARLEYPARK
BALLSBRIDGE
AVIVA STADIUM
SANDYMOUNT
SYDNEY PARADE
DUNDRUMTOWN CENTRE
LEOPARDSTOWNRACECOURSE
LEINSTERRUGBY
DUNDRUM RO
AD
BEEC
HHIL
L RO
AD
STILLORGAN ROAD
RATH
MIN
ES R
OAD
CLONSKEAGH
RANELAGHDONNYBROOK
RATHMINES
MILLTOWN
MILLTOWNGOLF CLUB
RATHFARNHAM
BLACKROCKDUN LAOGHAIRE
DUNDRUMSTILLORGAN
CHURCHTOWN
SANDYFORDIND. ESTATE
LUAS GREEN LINE
DUBLIN BUS
DUBLIN BAY
RIV
ER D
ODDE
R
M50
N4
N7
N81
N81 M50
M50
M50
M50N11
N11
N1
DUBLINCITY CENTRE
DUBLIN PORT
PHOENIXPARK
CLONTARF
DRUMCONDRA
R116
R112
R112
R118
R137
UCD BELFIELD
NUTGROVESHOPPING CENTRE
BEAVER HOUSE
For identification purposes. Ordnance Survey Ireland Licence No. EN 0040514. © Ordnance Survey Ireland/Government of Ireland.
DESCRIPTION
The property comprises a modern three storey, semi-detached office building of approximately 2,739 sq m (29,483 sq ft) gross internal area with 90 parking spaces located at basement and surface levels. The offices are built to a high corporate standard featuring bright and efficient ‘L’ shaped floor plates, designed to accommodate up to two separate tenancies on each level. The building has recently undergone substantial refurbishment and upgrade works to include;
• Newly painted and carpeted common areas and offices.
• Raised access floors with floor boxes • New suspended ceiling tiles and
Category 2 recessed light fittings• Air conditioning (tenant improvement)• Gas fired central heating system• Refurbished passenger lift • Fully refurbished ladies/gents/disabled
WCs and shower facilities
For identification purposes only.
BEAVER HOUSE
Description Sq. M. Sq. Ft.Second Floor 913 9,827First Floor 913 9,827Ground Floor 913 9,827Total 2,739 29,483
ACCOMMODATION:We understand that the Gross Internal Floor Areas for the property are as follows:
The above areas are approximate and we recommend that interested parties should measure and satisfy themselves in relation to all building measurements.
TYPICAL FLOOR PLAN TENANCY INFORMATIONAn agreement for lease is currently in place dated 12th June 2014 and the new lease will be effective from signing off of landlord and tenant works. The entire First and Second Floors of Beaver House comprising approx. 1,826 sq m (19,655 sq ft) GIA are let to MAXIM Integrated Products International Limited under a new 15 year Full Repairing and Insuring (effective through the service charge) lease from 2015 and incorporating 5 yearly rent reviews (upward/downward to open market levels). There is a tenant break option at the expiry of year 10 subject to 12 months’ notice. The passing rent is €315,500 per annum (to include 60 parking spaces) and the next rent review is 2020. The tenant has a right of first refusal on the ground floor which is subject to 14 days’ written notice from the Landlord from date of third party interest.
COVENANT PROFILE‘MAXIM Integrated Products International Limited’ is a major multi-national technology solutions company originally founded in 1983 and employing 8,800 staff across numerous locations in North America, Asia and Europe. Ireland is the global headquarters of their international presence, establishing in Dublin in 2010 and currently employing 100 staff. Worldwide Revenue for 2014 was approximately $2.14 Billion and is both a NASDAQ and Fortune 1,000 listed company. For further information on the tenant, please visit www.maximintegrated.com
PLANNING:Under the Dun Laoghaire Rathdown County Council Development Plan 2010 – 2016, Beech Hill Office Campus is zoned Objective E, “To provide for economic development and employment”.
t 01 845 9925e [email protected] www.avalanchedesign.ie
Brochure design by
Disclaimer: Messrs. HWBC Limited t/a HWBC and for the vendors or lessors of this property whose Agents they are, give notice that:- (i) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract. (ii) All description, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them, (iii) No person in the employment of HWBC Limited t/a HWBC has any authority to make or give any representative or warranty whatever in relation to this property.
CONTACT
For further details or to arrange a viewing, please contact sole agents HWBC.
Jonathan Hillyer Jenny Prunty Emma [email protected] [email protected] [email protected]
80 Harcourt Street, Dublin 2, IrelandT: +353 1 77 50 500F: +353 1 77 50 577www.hwbc.ie
ServicesWe have assumed that all services including electrical, water and drainage are available to the property.
Data RoomFor further details please visit www.beaverhousedublin4.com
SolicitorMichael NearyEversheds Solicitors, One Earlsfort Terrace, Dublin 2. T: +353 1 77 50 500
TitleLong leasehold.
PriceOn application.
BER
BER Number: 800033862Energy Performance indicator - 338.09 kWh/m2/yr/0.97
No ContractNote that our client is not obliged to accept the highest or any tender received and as you will appreciate, no contract shall exist or be deemed to exist until such time as formal contracts have been executed and exchanged and deposit paid. These details do not form part of an offer or contract.
