Property Highlights • Superbly located office investment opportunity enjoying 100% occupancy • Ground and First Floor of a substantial modern three storey building • Current income of €169,816 per annum • Occupiers include Cork County Council, Core Computer Consultants, Special Education Support Services (SESS) and Legal IT • Extending to approximately 1,212 sq m (13,044 sq ft) • High profile location on Link Road, Ballincollig, Co. Cork adjacent to the N40/N22 road network Investment Opportunity (Tenants Not Affected) Modern Office Building 1,212 sq m / 13,044 sq ft approx. Ground & First Floor, Core House, Westpoint Business Park, Ballincollig, Co Cork FOR SALE Contact Seán Healy Email: [email protected]Tel: +353 (0)21 427 5454 Siobhán Young Email: [email protected]Tel: +353 (0)21 427 5454 cushmanwakefield.ie Joint Agent Frank Walsh Email: [email protected]Tel: +353 (0)21 4873466 omw.ie
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Property Highlights• Superbly located office investment opportunity enjoying 100%
occupancy
• Ground and First Floor of a substantial modern three storey building
• Current income of €169,816 per annum
• Occupiers include Cork County Council, Core Computer Consultants, Special Education Support Services (SESS) and Legal IT
• Extending to approximately 1,212 sq m (13,044 sq ft)
• High profile location on Link Road, Ballincollig, Co. Cork adjacent to the N40/N22 road network
Investment Opportunity (Tenants Not Affected) Modern Office Building 1,212 sq m / 13,044 sq ft approx.
Ground & First Floor, Core House, Westpoint Business Park, Ballincollig, Co Cork
The LocationCork with a population of 200,000 people is the Republic of Ireland’s second largest city and the premier commercial, retail and administrative in the south.
Ballincollig is the largest town in County Cork and has been one of Cork’s fastest growing towns in recent years. It is located approximately 10 km to the west of Cork City. Ballincollig has experienced a high level of growth and development since 2000, the N40/N22 By Pass enhances accessibility to Cork City Centre. Ballincollig has four primary schools and two secondary schools together with a special needs school. Other facilities in the town include GAA club, rugby club, pitch and putt course and a 100-bedroom community nursing home. Major retailers in the town include SuperValu, Dunnes Stores, Lidl and two Aldi stores. The most significant employer’s in the town are DELL and VM Ware.
The subject property occupies a high-profile location at the intersection of Link Road and the Killumney Road. It is situated close to all amenities including Ballincollig Shopping Centre, a wide variety of on street retailing, restaurants, public houses and a large cinema. The property enjoys excellent profile and is highly visible from the public road. Other nearby and adjacent occupiers include MD O’Shea’s DIY Super Store, Dennehy
Health & Fitness, Supernova Family entertainment centre, Ballincollig Fire Station and a wide range of commercial users.
DescriptionThe property comprises a detached standalone office building on a secure site of approximately 0.66 Ha (1.65 Acres) with approximately 70 car parking spaces. Access is from the Link Road which is easily accessible from the N40 South Ring Road Network/Ballincollig By-Pass.
The building itself comprises of a modern three storey office building constructed in the early 2000’s. Constructed by way of a steel portal frame with architectural cladding panels and extensive glazing to all elevations with a pitched and hipped roof with a slate finish.
Internally the building is completed to a high standard including feature entrance and lobby air conditioning, suspended ceilings with recessed lighting and lift and stairs access to the upper floors.
BER detailsBER C2 Ber No. 800465817 Energy Performance Indicator: 361.48 kWh/m2/yr.
Ground & First Floor, Core House, Westpoint Business Park, Ballincollig, Co Cork
Accommodation
Floor Use Sq M Sq Ft Ground Floor 1 176 1,894
2 127 1,367
3 176 1,894
4 127 1,367
First Floor 5 176 1,894
6 127 1,367
7 176 1,894
8 127 1,367
TOTAL 1,212 13,044
Tenancy Information
Unit Tenant Lease Term Rent p.a.Ground Floor Units 1-4 Cork County Council 5 years from June 2013 €81,000
First Floor Unit 5 Core Computer Consultants Limited
25 years from Dec. 2007 €33,000
First Floor Unit 6 Special Education Support Services
Rolling yearly lease current year expires 31 Dec. 2017
€16,000
First Floor Unit 7 Legal IT 25 years from August 2007 €27,816
First Floor Unit 8 Core Computer Consultants Limited
4 years from January 2015 €12,000
€169,816
Conditions to be noted: A full copy of our general brochure conditions can be viewed on our website at http://www.sherryfitz.ie/terms or can be requested from your local Cushman & Wakefield office. We strongly recommend that you familiarise yourself with these general conditions. PSRA Registration Number: 002607 / 001092.
