For Sale – Swords Business Campus

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Swords Business Campus, Co Dublin 

Government & Health Sector Investment Opportunity

(Tenants not affected)

Subject to Contract / Contract Denied / Without Prejudice

INVESTMENT HIGHLIGHTS

• Suburban office and healthcare campus extending to approximately 27,569 sq.m (296,751 sq.ft) IPMS 2
• 7.75 hectares (19 acres) with 804 car parking spaces
• High profile employment hub within minutes of the M1 / M50 interchange and Dublin Airport
• Current tenants include HSE, OPW – CSO, Sims (Rotunda IVF), Doosan Bobcat, Kora Health and RocDoc Health
• State & Health sector income accounting for 63% of rental income
• Development site opportunity with feasibility study to provide 372 apartments
• Located within the ME zoning under Fingal Development Plan 2017 – 2023 – to facilitate opportunities for high density mixed use employment generating activity and commercial development, and support the provision of an appropriate quantum of residential development within the Metro Economic Corridor
• Excellent opportunity to undertake asset management currently approx. 30% vacant
• Passing rent approx. €3.2 million per annum with an ERV of approx. €4.6 million
• WAULT of 7.7 years to expiry and 4.6 years to lease break as of 1st September 2022
• Freehold Title
• Guide Price €50 million, representing a NIY of 5.81% with a future RY of 8.3% assuming standard acquisition costs of 9.96%
• Guide price equating to an attractive capital value of €168 per sq.ft
• BER B2-E1

Link to Brochure

Link to Video

For more information please contact:

Patricia Ward 
M: + 353 (0) 86 243 7912
T: + 353 1 611 0324
E: patricia@twmproperty.ie

Russell Cleere
M: + 353 (0) 87 721 7895
T: + 353 1 611 0320
E: russell@twmproperty.ie

Michele Jackson
M: + 353 (0) 86 857 2700
T: + 353 1 611 0323
E: michele@twmproperty.ie