Commercial Property

Detached office building for sale is fetching €470k rent per annum

Offers are sought in excess of €5.5 million for three-storey office block in high-end Galway business park

Block 4 at Parkmore East In Galway: agent says the building is in Galway’s premier suburban office precinct, is fully-leased to an excellent tenant and that it has reversionary potential

Avison Young is offering a modern office block in Galway for sale by private treaty, which is presently leased and offers a high yield and strong reversionary potential.

Block 4 at Parkmore East comprises a detached three storey office building of about 2,570 square metres and was constructed in 2016. It is leased to Business Objects Software Limited, trading as SAP Solutions, at a current rent of €470,000 per annum.

Global technology company, SAP specialises ...