Airside 1, Boeing Avenue, Waterford Airport Business Park, Waterford City, Co. Waterford


€ 750,000

Sale Agreed
  • Office

Joint Agents with BidX1 – Online Auction 10th Nov 22. Register to bid via www.bidx1.com

The property is arranged over ground and three upper floors to provide an end of terrace office block. Internally the property comprises 28 x office units. The unit forms part of a wider business park. The property is located off the R708 approximately 8km south of Waterford City Centre.

The property benefits from the following:

Suspended ceilings.
Secure Fob access.
Internal Elevator.
Canteen and break area.
Ladies and gents toilets.
Total floor area extending to approximately1,185 sq. m (12,755 sq. ft) in total

An office investment.
Comprising 28 x office units in an entire block.
Extending to approximately 1,185 sq. m (12,755 sq. ft) in total.
Located off the R708 approximately 10k south of Waterford City Centre.
Vacant possession of 3 office units.
Total current rent reserved 97,064 per annum.
Net initial yield 11.76%

Floor Unit Tenant Terms of Lease Start date Rent per annum
Ground floor
1 Prolines Naval Architecture Short Term Lease Agreement. 05/11/2015 3,750
2 Mike Edgeworth Short Term Lease Agreement. 23/06/2015 3,600
3 Monkey cups Short Term Lease Agreement. 01/10/2022 3,600
4 CKS Phychology Services Short Term Lease Agreement. 01/05/2022 3,600
5 UNITEC IT Short Term Lease Agreement. 07/05/2021
6 Ultra Sound Womens Scans Short Term Lease Agreement. 25/02/2022 4,200

First Floor
1/2 Emerald Cargo Short Term Lease Agreement. 25/06/2012 4,999
4/5 M&M Builders Short Term Lease Agreement. 01/05/2021 7,200
6 The Speech and Language Academy Short Term Lease Agreement. 01/09/2022 6,900
7 Roadcraft Motorcycle Training Short Term Lease Agreement. 02/12/2021 4,200

Second Floor
1,2,3 Maria Walsh Physio Short Term Lease Agreement. 01/04/2022 6,600
4 Newlinks Short Term Lease Agreement. 14/11/2013 3,600
5 Redbook Short Term Lease Agreement. 22/07/2022 4,200
6 Reduktive Software Short Term Lease Agreement. 16/07/2015 3,399
7 Vacant Vacant Vacant Vacant
8 Vacant Vacant Vacant Vacant

Third Floor
1,2,6 Unitec IT Short Term Lease Agreement. 07/05/2021 10,800
3 Glazik Ltd. Short Term Lease Agreement. 01/06/2017 9,600
4 Cleaning Doctor Short Term Lease Agreement. 15/02/2022 3,414
5 Cheflink Short Term Lease Agreement. 27/04/2010 5,400
7 Vacant Vacant Vacant Vacant
Roof Mast Tetra Short Term Lease Agreement. 11/10/2009 8,000
Total 97,064 per annum

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