The property comprises the third floor of City Quarter which is a high specification mixed use commercial development over a double basement carpark designed by Scott Tallon Walker Architects. The third floor comprises 5 no. office suites laid out around a central service core incorporating toilet facilities. The total Net Internal area is 1,566 sq m (16,862 sq ft) and the total Gross Internal area is 1,901 sq m (20,472 sq ft).
The property is fully occupied under various leases and existing tenants include Glandore Business Centre, NIB Travel Insurance, GJ Moloney Solicitors, Cornmarket Group Finance Services Ltd and Goodbody Stockbrokers. The tenants are not affected by the Sale. The office accommodation is laid out in a mix of open plan offices, boardrooms, private offices and break out areas. The offices are finished internally with raised access floors and air conditioning. These modern offices also have extensive natural light and panoramic views of the City and the River Lee.
The building was constructed in 2005 on a structural frame with concrete block, architectural metal clad façade with extensive glazing, concrete floors and mainly flat concrete roof. There is a feature entrance foyer reception and three passenger lifts serving all floors including the basement car park. Access to the property is from Lapps Quay through a revolving door. There are 280 basement car spaces (not included in the sale) with access from Lower Oliver Plunkett Street with security barrier access.
Accommodation Tenancy Schedule
€4,950,000 reflecting an NIY of 7.93%
Good and Marketable Long Leasehold Title
BER Certs and Advisory Reports available on request
JRAP O’Meara Solicitors LLP,
89/90 South Mall,
Cork. DX 2082