Investors get chance to have Apple as a tenant

THE chance to have Apple as a tenant in a Cork investment property sale will catch the eye and engage the interest of strong investors nationwide — as will the promised 10.65% net initial yield on offer in the case of two building sales valued at €7.25 million.

Listed this week for a private investor vendor are two buildings, “with long term secure income from two superb tenant covenants” in the Cork Business & Technology Park, on the Model Farm Road, in Cork’s western suburbs. One is let to Apple Operations Europe, and the other large one is let to Trend Micro, with a weighted average unexpired lease term (WAULT) of over 3.92 years term certain.

The adjacent, modern business buildings are being marketed by David McCarthy and Margaret Kelleher of Lisney, by private treaty, in one or two lots.