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.

pg 2 citywest businesses

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.

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