Office site takes off

INTERNATIONAL buyers are expected for a clean, and significantly-sized office investment, which includes major employer Amazon, at the Cork Airport Business Park.

Amazon is in two of the five buildings, taking over 60,000 sq ft and enough space for up to 700 employees, and all five are being sold for €13m, with a rent roll of over €1.6m giving a tempting yield of about 12%.

As well as the five modern buildings, fully tenanted, there’s a three-acre development site with two different plannings on it, suitable for one or two further blocks and this has a separate guide of €500,000. All the buildings, and remaining site, are in the airport park’s Phase II, which is close to fully occupied.