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Investment with long-term lease in Cork for €5.4m

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Property in Carrigtwohill’s IDA Business Park has 11½ years on the current lease

Investors looking for a high-quality property, with a substantial lease term, will likely be interested in an opportunity in Carrigtwohill’s IDA Business Park, which is coming to the market at a guide price of €5.4 million.

SA Component Service , which is part of StandardAero, the US aerospace maintenance and repair group, occupies the premises on a long-term lease. This expires in June 2047, but with break options in June 2036 and 2042, which leaves about 11½ years certain on the current lease. ‘We’re lucky she has a place. It’s not what she should have’: Brendan O’Connor’s daughter unable to secure special class in mainstream school‘They view you as a piece of trash’: Life in a tent on Dublin streetsSeán Healy of selling agent Cushman & Wakefield said: “This is an excellent opportunity to acquire a high-quality investment with a substantial lease term certain in a prime industrial location.

 

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