Suburban Retail Investment Opportunity
Unit 4008 Citywest Business Campus, Dublin 24
DUBLIN, 21st September 2017 – Property advisors CBRE on the instructions of Davy Hickey Properties are delighted to launch Unit 4008 Citywest Business Campus, Dublin 24 to the market for sale by Private Treaty, quoting €800,000. The property is located at one of the entrances to Citywest Business Campus in close proximity to a number of established and new housing estates providing it with the unique opportunity of attracting residents and employees in the vicinity. The property is fully let to Links Crèche on a 25 years FRI lease from 1st September 2012 with no break option, leaving a residual term of 19.9 years. The property is currently producing a rent roll of €69,000 per annum. CBRE anticipate a strong level of interest given the location, combined with investor appetite for long term secure investments.
The crèche is located in a prominent position fronting onto the Old Naas Road with easy access off the N7 (Naas Road) from the Kingswood interchange. The adjoining Citywest Business Campus is home to over 150 companies for which the creche is an important amenity. There are a number of established housing estates in the area such as Brownsbarn Wood & Orchard, The Belfry, Verschoyle and Carrigmore as well as new developments such as Silken Park & Cuil Duin with the most prominent development being Citywest Village, also being delivered by Davy Hickey Properties, which is to be home to over 400 dwellings.
The property comprises a purpose built single storey unit which extends to a gross internal area of approximately 623 sq m (6,706 sq ft). Originally constructed by Davy Hickey Properties as part of the overall Citywest Business Campus offering, this investment property will undoubtedly benefit from the adjoining growing business community as well as the many housing schemes in its surrounding hinterland providing a unique opportunity for any potential investor.
We are anticipating robust levels of interest in this unique opportunity. The property is an excellent investment opportunity for an investor looking to tap into the strengthening suburban property market in Dublin. High quality suburban investments have become increasingly attractive among private investors in recent years. The combined prospect of capital appreciation and current long term income is expected to attract a number of potential investors.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 135 employees, we work with occupiers, investors and developers of office, industrial and logistic, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie