Offers over £200,000 sought for East Point office leasehold

GVA Donal ╙ Buachalla is seeking offers over £200,000 (253,947) for the leasehold interest in a 36,521 sq ft office block at …

GVA Donal ╙ Buachalla is seeking offers over £200,000 (253,947) for the leasehold interest in a 36,521 sq ft office block at East Point Business Park in the Dublin docklands. The three-storey fully fitted building has open plan accommodation with 52 on-site car spaces. The block is held by Quintiles (Irl) Ltd under a modern full repairing and insuring lease for 20 years from December 1998 at a current rent of £560,770 (712,039) per annum. The next review is due at the end of 2003. The lease provides for a tenant break option in 2009. Double rent allowance exists for tenants up to 2007, with sliding scale rates relief also available.