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Sold

Property Detail

Sold

Price: €1,950,000
Location: La Vallee House, Upper Dargle Road, Bray, Co. Wicklow, Ireland.
BER: C1
Description: Detached Modern Office Investment

Approx. 1,109 sq.m. (11,930 sq.ft.) Net Internal Area and Gross Internal Area of 1,140 sq.m. (15,170 sq.ft.)

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La Vallee House, Upper Dargle Road, Bray, Co. Wicklow.

 

Detached Modern Office Investment

1,109 sq.m. (11,930 sq.ft.) net floor area

8.5% net return


Fully let investment comprising a three storey office building over basement parking, totalling approx. 1,109 sq.m. (11,930 sq.ft.) Net Internal Area and Gross Internal Area of 1,140 sq.m. (15,170 sq.ft.). Planning permission has been granted for an additional floor of approx. 426sq.m. (GIA).

Located next to Junction 6 of M11 motorway & easily accessible to Bray town centre and its host of amenities and Dart Station.

Strong tenant mix with excellent letting record currently generating annual rental income of €181,770 per annum.

Guide price of €1,950,000 would reflect a net initial investment yield of 8.5% after standard purchaser's costs, and a capital value of only €164 per sq.ft. calculated on the net internal floor area. There is strong potential for future rental growth with passing rents of only approx. €13 / €13.50 per sq.ft. (plus car parking).

65 car parking spaces.

Tenants not affected