Blackrock Business Park a solid buy at €11.2m

Blackrock Business Park, the former Motorola site in Cork’s booming Mahon suburb which last sold when vacated back in 2007 for €22m, has been put back for sale for €11.2m. 

Blackrock Business Park a solid buy at €11.2m

It has an existing income stream of €857,500 pa, asset management scope to boost rents to over €1m, and a further, considerable office development site.

The property mix on 10.5 acres has strong tenants, Abtran and RCI, in the current buildings, totalling 97,500sq ft, with a weighted average unexpired lease term (WAULT) of over 6.8 years, and there’s a vacant unit of 11,200sq ft.

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