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Modern Income Producing Office Investment, Confederation House, Waterford Business Park, Cork Road, Waterford City, Co. Waterford

€ 1,400,000 Investment Property|SALE AGREED
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Property Overview:

Date Entered/Renewed: 19-10-2017 ( 152 days ago )

Property Description:

Modern Income Producing Office Investment of 30,000-sq.ft.

Located circa 2.5 miles from Waterford city centre, just off the Cork Road in close proximity to the Outer Ring Road, adjoining Waterford Industrial Estate and other major centres of employment in the area.

The office block extends to circa 30,000-sq.ff. in total.
The building is configured over three floors in two interconnected blocks.
Reinforced raised access floors, suspended ceilings with Category II lighting, eight person lift with access to all floors. Fully fitted ladies, gents and disabled toilets. PVC double glazed openable windows throughout.

There are four tenants occupying the majority of the space including Carlow Emergency Doctors on Call, RS Connect , IBEC Limited and Waterford Technologies.

Leases vary with the early leases commencing in 2001 and more recent leases dating from 2015.

The total current income is 140,000 per annum, with potential to generate additional income from vacant space of 8,800-sq.ft. available for rent.

There is dual access to a ground floor lobby which provides lifts, toilets and stairs.

There is parking for sixty eight cars in the adjoining car park.

A key factor with the subject offices is location which provides ease of access to all major routes. The immediate proximity of the Cork Road and Outer Ring Road is significant with convenient links to Waterford city centre, the N25 Waterford/Cork Road and the M9 Waterford/Dublin Motorway.

Waterford Industrial Estate is a major centre of employment and the subject property immediately adjoins same.

Existing tenants not affected.