Units 4 and 9, Ballybrit Business Park
Both units are for sale by live online auction which will take place on March 27, at 12 noon. Boasting a passing rent of €267,000 per annum with a vacant ground floor unit, the properties have a gross yield of 13.6 per cent.
Block 4 is a modern three-storey detached office building. The building offers good quality open plan modern office accommodation. Centred around a central stair cone with a lift serving all floors. Each of the tenants have fitted the space to their own requirements (including bespoke lab space ) and has the benefit of electric heating and natural ventilation. The gross internal area is 1,102 square metres.
Block 9 is a modern detached three-storey office building, divided in three open plan units. The units are centred around a central stair case with a lift servicing all floors. Both tenants have fitted the space to their own requirements. The property benefits from electronic heating and natural ventilation on the ground and first floor. The tenant on the second floor has installed their own air-conditioning system for heating and cooling. The gross internal area is 1,087 square metres.
Location
Strategically located in Ballybrit Business Park, units 4 and 9 offer great access to major road networks, including the M6 motorway connecting Galway to Dublin. The property offers ample on-site parking on the outskirts of Galway city centre, ensuring convenient access for employees and clients.
Ballybrit Business Park is the landmark home of IT/Med-Tech giants Boston Scientific, Johnson & Johnson and Hewlett Packard, along with some of Galway’s largest home-grown companies.
Tenancy information
Block 4 is fully let across three leases with one tenant per floor. All leases commenced between January and December 2022, with a total passing rent of approx. €140,000 per annum. All tenants operate in the med-tech/IT sector.
Block 9 is a modern detached three-storey office building, divided in three open plan units. The units are centred around a central stair case with a lift servicing all floors. The block is fully let across three floors. Two leases commenced between March and December 2023, with terms recently being signed for the ground floor unit. Block 9 has a current total passing rent of €127,000 per annum.
BER: D1, SQM 2189, AMV: €1,950,000.
Units 4 and 9 are for sale by live public auction on March 27 at 12 noon.
Full particulars are available from Shane McDonagh of O'Donnellan & Joyce.on 091 564 212 or view online at www.odj.ie
