November 16, 2017

Five Investment Properties Brought to Market by HWBC

Five individual assets for sale under the instruction of five separate private owners.

Five significant investment opportunities have been brought to market by HWBC. Located in Dublin, Limerick and Cork, together the properties have guide prices totalling over €7m and include a business centre, retail units, a commercial centre, office space and a leisure centre.

Three units at the Apex Business Centre, a high-profile office development located on Blackthorn Road in Sandyford, are on the market with a guide price of €1,950,000. The attractive investment opportunity is located in South Dublin’s premier office location, just five minutes’ walk to Stillorgan Luas Station. The units ranging between 190 sq m and 311 sq m GIA have the benefit of 15 basement car spaces. Together, the units produce an annual rental income of €137,272. This highly reversionary investment opportunity available individually or as one lot reflects an overall initial yield of 6.5% or average price psm of €2,743.

Block G13 is a two-storey, standalone office building at Cork Airport Business Park. The 858 sq m building has a modern office specification with the use of 45 surface car spaces located in the high-profile business campus, adjacent to Cork Airport. The quality of the location is reflected in the calibre of the multi-national occupiers within the Park to include IBM, Amazon, BNY Mellon and Bord Gáis Energy. The property let to Arris Communications under a 20-year FRI lease with a passing rent of €144,755 per annum is guiding €1,550,000 reflecting a net initial yield of 8.61% or €1,806 psm.

Units 1-8 Q Parade on Childers Road, Limerick, presents a high-profile investment opportunity in Limerick. It comprises six retail and two commercial units extending to 1,220 sq m NIA. Occupiers include Subway, Southside Pharmacy and Grand Cru Wines. The current rental income is €149,558 per annum but has the potential to be significantly increased through active asset management. This investment guiding €1,500,000 reflects an initial yield of 9.19%.

In the heart of Dublin 2’s business district and just three minutes from St. Stephen’s Green Luas station, 91 Harcourt Street is a ground and basement floor office suite extend to 94 sq m NIA with one parking space. With a passing rent of €20,500 per annum, it is highly reversionary. At a guide price of €565,000, the bright and tastefully fitted offices will appeal to both investors and owner occupiers.

Also included in the mixed investment opportunities is a fully-fitted gym and leisure centre in Smithfield, Dublin 7. This unique investment opportunity in a high-profile location fronting Smithfield Square and adjacent to the Maldron Hotel is guiding €1,500,000.

HWBC Associate Director Gavin Brennan said:

‘We are delighted to bring these properties to the market. They offer purchasers the opportunity to secure attractive yields and opportunities to enhance rental income through active asset management.’

For further information please contact:

Kieran Curtin, Tel: 01 775 0511
Gavin Brennan, Tel: 01 775 0513
Emma Murphy, Tel: 01 775 0519
Jenny Prunty, Tel: 01 775 0526

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