South Dublin office investment at €10.25m offers buyer 8.16% yield

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Commercial-Real-Estate Nouvelles

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Block 2 at Blackrock Business Park producing rental income of €999,999 per annum from strong tenant line-up

Block 2 at Blackrock Business Park in south Dublin extends to 2,571sq m and has 71 car-parking spaces

Identigen occupies the ground and second floors of the building and has just completed a full fit-out of the second floor, while Becton Dickinson occupies the first floor and has also recently completed a new fit-out of their space. The €10.25 million price being guided for Block 2 reflects a net initial yield of 8.16 per cent based on the property’s contracted rent of €919,999 per annum.

 

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