One Airton Close, Tallaght, Dublin 24, Long Income Investment | Property for sale | Savills
2,823.04 m²
Price on application

One Airton Close, Tallaght, Dublin 24Long Income Investment

  • Under offer
  • Sole agency
  • Leasehold
Investment
2,823.04 m²

Key features

  • Long income investment
  • Four floors of office space over two-storey basement with 83 secure car spaces
  • Excellent location in well-established commercial area
  • Producing annual rent of €431,403 with 5 yearly open market rent reviews
  • UXT of c.9 years remaining until earliest break & c.14 years until lease expiry
  • Let to Institute of Technology Tallaght (Technological University Tallaght)

Excellent long income office investment for sale

About this property

  • One Airton Close is a recently refurbished office building in a high profile location on Airton Road, Tallaght. It comprises office accommodation over four floors extending to approx. 30,387 sq ft GIA, with an additional two-story underground car park providing 83 secure parking spaces.

    It is fully occupied by the Institute of Technology Tallaght (now Technological University Dublin Tallaght). The property features open plan office accommodation, traditional meeting rooms, exceptional views from the upper floors, large balconies and immediate access to the adjacent university campus.

    The building is adjoined by Unit 2, Airton Close, occupied by Johnson & Johnson on a sub-long leasehold from 2001.

One Airton Close is an attractive long income office investment opportunity fully let to a high-quality tenant.

Seán Ryan McCaffreyProperty agent

Local information

  • The property is located on Airton Close, which is positioned just off Airton Road in Tallaght. Tallaght Village is located approximately 1.3km west of the property, with Dublin City Centre located 9.7km northeast.
  • Local amenities include The Square shopping centre and notable occupiers include Amazon and Harvey Norman.
  • The area benefits from excellent transport connectivity with the Luas red line located within a 15 minute walk from the property, providing regular tram services to Heuston Station, Dublin City Centre and the North Docks. In addition, several bus routes service the Tallaght area, including the 27, 56A and 65.

Additional information

  • Unit 1 of One Airton is let to the Institute of Technology Tallaght (now Technological University Dublin Tallaght) for a term of 20 years from 3 July 2018. There are five yearly open market rent reviews.
  • Unit 2 Airton Close is held subject to and with the benefit of a sub longlease with a term of 986 years effective from March 2001, subject to an annual peppercorn rent. It is occupied by Johnson & Johnson.

Energy performance

BER Rating: D1