Lot 4711183, (2) Unit 2 Eastgate Road, Little Island, Co. Cork

Available From: Immediately Centrally located in Eastgate Business Park, approx 1.5km from the Jack Lynch Tunnel. Adjoining occupiers include Harvey Norman, Costa, Raddison Hotel, Cork Golf Club and The Range.

Detached 2 storey 3rd generation office building which has gross floor area of 18,150 sq.ft and 65 car spaces.

Unit 2 Eastgate Road is currently leased to Capita on a 9 year lease from 2015 for €236,250 per annum.

The subject property is located within the Eastgate Business Park which is ideally located 1.5 km east of the Jack Lynch Tunnel adjacent to the N25 and less than a 10-minute drive from Cork City centre.
The location of the Business Park provides excellent access to all the main routes and is recognised as one of Cork€TM premier Business Parks. Occupiers in the immediate vicinity include Eli Lilly, PepsiCo, Laya Healthcare and PE Global.

Unit 2 Eastgate Road is a detached two storey building constructed in approximately 2006 and has approx 65 designated car parking spaces. It is of steel portal frame construction with concrete floors at ground and first floor level. Elevation are of architectural wall clad panel cladding with glazing for the most part, there is feature brick work around the entrance.

Internally the building has a large 2 storey entrance lobby and toilets on both floors. The internal spec provides, raised access floors, air-conditioning, suspended ceilings w/t lighting, carpet tiled etc. The layout is a combination of open plan and private offices and each floor has good quality canteen area.

The property is let to Capita on a 9 year lease term from 2015 at annual rental of €236,250 per annum. The Passing rent is approx €13.90psf on the NIA.

In occupancy terms East Gate is the most successful Suburban Office Location in the City and arguable the country at present. The park which provides approx 500,000 sq.ft of office accommodation has only 4,500 sq.ft available to let on Daft. East Gate has vacancy rate of less than 1% and the overall vacancy rate in the Cork Market is in the order of 14%.