BIDDING HAS CLOSED
Sold for €1,500,000
Bid History 1
Bidder Amount Date
Bidder 6560 €1,500,000 06/07/2017 09:32:21
Details
Addendum
Please note that the contract for sale has been amended. Document 25 has been added to the Document Schedule. In addition, Special Condition 8 (f) has been amended
Property Summary
  • A prime warehouse investment.
  • Comprising office and warehouse accommodation.
  • Extending to approximately 1,883 sq. m (20,269 sq. ft).
  • Let to Virgin Media Limited Ireland.
  • Lease expiry 2025.
  • Current rent reserved €135,000 per annum.
Location
  • Inchicore is a west Dublin suburb.
  • The area is situated to the south of the River Liffey, west of Kilmainham, and approximately 4.8km west of Dublin city centre.
  • Transport links in the area include the N7 (Naas Road) and the M50 Motorway. The area is serviced by numerous public transport facilities including Luas stations at Blackhorse and Drimnagh as well as multiple Dublin Bus routes.
  • The estate is accessed directly off Tyrconnell Road approximately 6km west of Dublin city centre.
  • The property is situated within Goldenbridge Industrial Estate, fronting Goldenbridge Walk.
Description

The property is arranged over ground and first floors to provide a detached warehouse and office building. Internally the property comprises warehouse and office accommodation at ground floor level, together with further office accommodation at first floor level.

The property benefits from the following specifications;

  • Concrete frame construction
  • Metal deck roof
  • 6 metre eaves height
  • Automate roller shutter door
  • Suspended ceilings with recessed lighting
  • Air conditioning
  • Modern office specification
Tenancy

The entire property is at present let to UPC Communications Ireland Limited (now known as Virgin Media Limited Ireland) for a term of 25 years from 02.06.2000 at a contractual rent of €135,000 per annum, exclusive of rates and VAT. The lease provides for rent reviews every fifth year.

Tenant Information

Virgin Media Ireland is Liberty Globals telecommunications operation in Ireland. It is the largest digital cable television provider within the Republic of Ireland. As of 31 December 2014, the company offers broadband internet, digital television and digital (VoIP) telephony to 1.1 million customers. Until 4 May 2010,Virgin Media Ireland traded under the name Chorus NTL and UPC Ireland until 5 October 2015. Source: www.virginmedia.ie/about-us

VAT
Please refer to the legal documents.
Accommodation & Tenancies
Floor Accommodation Size (Sq.m) Size (Sq.Ft)
  Total  1,883 sq. m (20,269 sq. ft) 
Ground Warehouse 1,373 sq. m  (14,799 sq. ft) 
Ground and First Office 510 sq. m (5,490 sq. ft)
BER No.
800499600
Energy Performance Indicator

332.21 kWh/m²/yr



No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

BidX1 Contact
Thomas O'Dowd
thomas.odowd@bidx1.com
+353 (0)1 667 3388
Vendor Solicitor
Janet Cafferky
jcafferky@mhc.ie

Messrs Mason Hayes & Curran Solicitors

Tel: +353 (0)1 614 5000.

Enquire

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