Sandyford offices offer 10pc net initial returns
They comprise numbers 15, 16 and 18 The Courtyard, on the intersection of Carmanhall Road and Ballymoss Road, located between the Luas green line station and Beacon South Quarter shopping centre.
Sitting atop The Courtyard office development, their combined floor areas extend to a total gross internal area of 8,325 sqft. They have also been recently fully let to a subsidiary of Azets Ireland at a passing rent of €262,530 per annum until March 2028.
Sean Molony of sole agents Knight Frank is seeking offers in excess of €2,390,000 for them and their 13 dedicated secure basement car-parking spaces.
Specification includes raised access floors, suspended ceilings, air conditioning, lift access, private toilets, showers and kitchenette facilities. Their floor-to-ceiling height is a generous 2.7 metres which allows natural light to fill accommodation on some of the best floors within the scheme.
The property is held on two co-terminus three-year leases commencing in March 2025. There is no tenant break option or rent review.
Azets, a business and accountancy consultancy, employs more than 300 people in four Irish offices: two in Dublin at Mespil Road and Sandyford, as well as two in the south-east, in Enniscorthy and Waterford.
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