First Floor,
Paramount Court,
Corrig Road,
Sandyford,
Dublin 18
FOR SALE
SALE AGREED
Investment Property
On Application

Turley Property Advisors are delighted to bring an extra large office suite of the 1st floor of Paramount Court, Corrig Road, Sandyford, Dublin 18 to the market For Sale by Private Treaty. Paramount Court is an attractive office development constructed in 2000. The building comprises a four-storey office building over a double basement and fine reception area and office suite at ground level with four bright light filled upper floors.

The subject area being sold is the majority of the first floor, a superb office investment fitted out to a very high specification. The entire ensuite is set to enjoy a complete refit.

Specification includes; - suspended ceilings, raised access flooring, carpet tiles and air conditioning units. It extends to a total Gross Internal Area of c.8,700 sq. ft. The 1st floor is accessed through a fine ground floor lobby area. The suite itself will comprise a primarily open plan office area with state of the art data cabling and meeting rooms which enjoy full floor to ceiling glass partitions, there are toilet facilities and a fully fitted kitchen. Two six person lifts service each floor. There is the further benefit of 16 parking spaces with the floor.

Location
Paramount Court is situated on the northern side of Corrig Road in Sandyford business Park. Corrig road connects Blackthorn road to Carmanhall road. The subject property is adjacent to Beacon South Quarter with all of its retail amenities on the doorstep. The Luas Green line is just five minutes walk and takes you directly into the city centre in 17 minutes. There are numerous Dublin Bus routes closeby which give easy access to all parts of the city. Dundrum Shopping Centre is less than a 10 minute drive. Sandyford also has many amenities with The Beacon Hotel, Bewleys Hotel, and Leopardstown Racecourse nearby.


Lease
A new 15 year IRI lease is being created featuring a tenant break at the end of year 10. The lease will
commence on the closing of the sale. The total income for the first five years is 250,000 per annum (26 per sq. ft. plus 1,500pa per car space). The rent will move to 275,000pa at the end of year five.


Tenant
- Pioneer and now established market leader of PAYG electricity in Ireland
- 135,000 customers;
- 6% share of domestic electricity supply market;
- Continued steady growth in excess of 10% per annum
- PAYG gas supplier since 2016 with 35,000 gas customers and 5% market share
- 240 Employees
- New office required to support ongoing growth in staff numbers
- Reliable revenues, profitable, strong net asset and cash position (audited 2017 accounts available on request)

BER rating: D2
8,700 sq. ft.
Nick O Loughlin
Property Surveyor
Message
or call 01 4791500
Ready to speak to an advisor?
Fill out your details below and a member of the team will give you a call
Drop us a message

Please fill our your details below and an advisor will be in touch.

Your name:

Your email:

Your message: