Two office blocks in Citywest Campus purchased for €6.5m
BACTRA Capital Property and Henley Investments as part of a joint venture have purchased two office blocks accommodating nine business units at Citywest Business Campus for €6.5 million.
The price paid will show a net initial yield of 7.87 per cent, based on a passing annual rent of €555,000.
The high-quality block, developed by Davy Hickey Properties, extends to 4,121sq m (44,358sq ft) and includes a mixture of office and office/warehouse accommodation with 100 car parking spaces.
Individual units vary in size from 291sq m (3,128sq ft) to 962sq m (10,355sq ft).
The entire property is fully let to six tenants, including Fitzers Catering, KCI Medical, eu Networks, TES Limited, Aeolus Engine services and Oradeo.
