Description

JLL is pleased to bring to market Block G, East Point a high-quality, three-storey office block for sale by Private Treaty in the renowned East Point Business Park, Dublin 3. This exceptional investment offers 26,669 sq. ft. of office space and benefits from 42 car spaces. The property has a current Building Energy Rating (BER) of B3 with an actionable pathway to achieve an A3 rating, demonstrating strong sustainability credentials.

Block G is let to Activision Blizzard Ireland, a high calibre gaming company that is part of Microsoft. The property boasts an annual rental income of €445,564 and a weighted average unexpired lease term (WAULT) of 1.71 years, indicating short-term leasing flexibility and the potential for rental growth.

East Point Business Park is widely recognised as one of Dublin’s most successful business campuses, boasting a secure, landscaped 40-acre environment. East Point is home to major occupiers including Oracle, Google, and Ergo. The location offers direct access to the Dublin Port Tunnel, is only 15 minutes from Dublin Airport, and provides excellent connectivity to the M1 and M50 motorways as well as a number of public transport options, allowing for ease of travel for occupiers.

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Attributes

Building area net

2,478 m²

WAULT

1.71 years

Total Annual Rent

R 8,351,823.25

BER

Parking spaces

Media

Investment Highlights

3-storey office extending to 26,669 sq ft with a total of 42 private car spaces.
Current BER of B3, with a BER pathway in place to achieve an A3 rating.
Rental income of €445,564.
WAULT of 1.71 years.
First and Second floor is let to Activision Blizzard Ireland, a high-quality tenant (part of Microsoft).
Immediate asset management opportunities to increase rental income.
Only 2.9km from CBD.
Less than 10 minutes from Luas Red Line, and Clontarf DART Station
Home to major occupiers like Google, Oracle and Ergo.