DTZ Sherry FitzGerald has announced the launch of a prime office investment property to the market. The investment property is located at Galway West Business Park, Knocknacarra, on the outskirts of Galway city and comprises an imposing, modern, and purpose-built three storey detached office building extending to 3,751sq metres.
The property is let to Aviva Insurance Europe (tenant not affected ) under a 10 year lease from September 2012 at a passing rent of €410,950 per annum; the lease provides a tenant break option at the end of year five of the lease term. Internally the accommodation is laid out to provide third generation fit-out to include main reception, open plan and modular office space, boardrooms, canteen, break room, toilet, and shower facilities. Two passenger lifts serve the upper floors of the property, and the building is air conditioned throughout.
On site car parking is provided. Selling agent George Brady of DTZ said: “We are delighted to be involved in this most important sale. We have set the asking price at €2.75m and we anticipate interest to be primarily from the local and national market."
For more information contact DTZ Sherry FitzGerald at 091 569181.
