Three rented office suites in the Apex Business Centre at Blackthorn Road, Sandyford, Dublin 18, are for sale individually or in a single lot for €2.625 million. The net initial yield will be 7.22 per cent.
BNP Paribas Real Estate is handling the sale of the three suites, which produce a combined annual rental income of €197,925.
The office units are self-contained and serviced by a security/concierge desk on the ground floor. Each of them is responsible for their own rates bill as well as insurance and service charge. The suites are occupied by Allied|Pension Trustees on a lease that expires in 2028.
In the event of the three suites being sold separately, BNP will be guiding €600,000 for Unit B, which is let to MRO Research Solutions at a passing rent of €30,000 a year. A price of €610,000 will be sought for a suite let to Ethos Engineering at an annual rent of €55,925. The third suite, let to Allied Pension Trustees at a rent of €112,000, is expected to sell for about €1.41 million.
Matthew Vanston of BNP,who is handling the sale, said he expects a great deal of interest from the private investor market, given the location of the office suites adjacent to the Beacon Hospital and the Beacon South Quarter.
