Unit 20, Ashbourne Business Park, Ashbourne, Co. Meath, A84YE03

Unit 20 Ashbourne Business Park is a modern detached high-bay industrial and logistics facility extending to approximately 3,789 sq. m (40,788 sq. ft) GEA. The property benefits from an exceptionally high warehouse clear height of approximately 14.9 m (49 ft), with 1 No. dock leveller and 2 No. level access doors. The property has been fitted out for records and information management use and incorporates five floors of high-density, multi-tier archive storage systems. The tenant fit-out also includes a fire suppression system. The property provides ancillary offices, substantial internal clear height and a high-quality industrial specification appropriate to its current use. The property occupies a self-contained site within Ashbourne Business Park. TENANCY DETAILS Unit 20 is fully leased to Oasis Document and Data Management Limited, who are an Irish registered company, incorporated in 1998 with 3 locations cross Dublin. The tenant occupies the property on a 20-year FRI lease from January 2020, expiring January 2040. The lease provides a passing rent of €460,000 p.a., increasing to €529,000 p.a. in 2030 and subject to an open market rent review in 2035. The lease is supported by a parent company Guarantee from Offsite Archive Storage and Integrated Services Limited, providing additional covenant support. PRICE Guiding in excess of €6,750,000 which equates to a 6.20% NIY stepping to 7.13% NIY in 2030 (assuming standard purchasers’ costs of 9.96%) BER BER: B No. 801190802 Score: 185 DATAROOM www.unit20ashbourne.com TITLE Long-Leasehold for the term of 950 years from the 4th November 2016 Ashbourne Business Park is located on the Ballymadun Road, on the northwest side of Ashbourne town in Co. Meath. Ashbourne is a well-established commuter town approximately 20 km north of Dublin, sitting directly on the M2 corridor, which provides direct connectivity to the M50 and the wider Dublin motorway network. The property is positioned close to the N2, providing access south towards the M50 and Dublin City, and north towards Slane, Ardee and Monaghan. The M2 /M50 interchange at Junction 5 places the park within easy reach of Dublin Airport, Dublin Port and the national motorway network serving the rest of the country. Key Points: - Modern detached high-bay industrial/logistics investment extending to approx. 3,789 sqm (40,788 sqft) GEA. - Fully let to Oasis Document and Data Management Limited with parent company guarantee from Offsite Archive Storage and Integrated Services Limited - 20-year FRI lease expiring 14 January 2040 with no break option, providing 13.25 years unexpired - Passing rent of €460,000 per annum, with a fixed stepped increase to €529,000 per annum - NIY 6.20%, stepping to 7.13% NIY in 2030