Three-storey office suite in prestigious Beacon Court complex on market
Joint agents Lisney and Herman White seek price in the region of €825,000
The office suite at Beacon Court in Sandyford: the rents equate to just over €15 a square foot when car-parking facilities are taken into account
A price in the region of €825,000 is being sought for the own-door three-storey office suite in The Mall dating from 2002, which will show a net initial yield of 5.80 per cent and a reversionary yield in the order of 7 per cent.
The ground floor of the 316sq m (400sq ft) of offices is let to 10 Resource Ltd on a two-year lease from March 2015, at a rent of €18,000. Buy4Now occupies the first and second floors on a four years and nine months lease from June 2014, at €32,000 per annum. The rents equate to just over €15 a square foot when car-parking facilities are taken into account. The joint selling agents say there is potential to increase the rent on th expiry of the leases.