€3m of Office investment sales bode well for Blackpool asset

The property, located within the Atrium, is a 458sq m (4935 sq ft), modern, self-contained suite has a wrap-around external balcony

Suite 4D, The Atrium, Blackpool

Following a series of strong investment sales of prime office assets in Cork City with a combined value of c €3m, another income-producing office property has come to market in Blackpool.

The premises, which form part of the larger Blackpool retail and office development, are occupied by Fiosrú, formerly known as Gsoc, the Office of the Police Ombudsman. The statutory body, which investigates complaints from members of the public about An Garda Síochána, is paying an annual rent of €74,025 under a 10-year lease that expires on September 30, 2028. The secure income underpinned by the covenant strength of its tenant —who is unaffected by the sale — makes the fourth-floor office suite in Blackpool’s Atrium building a particularly attractive investment, said Cohalan Downing commercial directors Margaret Kelleher and Edward Hanafin.