Unit 19 Mervue Business & Technology Park, Mervue, Co. Galway

€3,750,000.00

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MAIN PROPERTY INFORMATION

Commercial TypeFor Sale
CountyCo. Galway
Tel091 396 309
AddressUnit 19 Mervue Business & Technology Park, Mervue, Co. Galway

PROPERTY DESCRIPTION


SALE AGREED

Unit 19 comprises a mid-terrace ‘northern light’ industrial manufacturing property laid out to a very high standard having recently been refurbished comprising a combination of offices, clean rooms (designated ISO 8), warehousing and laboratory accommodation. The building, which was originally built in the 1970’s is situated within a parade of similar type units and extends to a total of 1,791 sq.m (19,278 sq.ft). The office accommodation extending to approx. 203 sq.m (2,185 sq.ft) is situated to the front of the unit with clean rooms, labs and warehousing to the rear. Rear access is provided for deliveries.

The property is let to Delcath Systems Limited on a 10 year lease from 2 August 2011 at an annual passing rent of €187,209. Upon expiry of the lease to Delcath, Goodman Medical have signed a lease agreement for a term of 10 years to begin effective from 2 August 2021. The annual passing rent will increase to €298,871 effective from that date and will be subject to review in year 5 in line with changes in the Consumer Price Index.

The property is held by way of long leasehold title with the IDA for a term of 999 years from 27 June 1997 subject to an initial annual ground rent of IR£10.00 per acre per annum subject to review of rental linked to CPI on a five-yearly basis, subject to a 10% cap.

Further information available on data room https://unit19mervuebusinesspark.com/


BER DetailsBER No: 800084501Energy Performance Indicator: 1239.2 kWh/m2/yr

April 7, 2021 3:11 am

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