OUTSTANDING INVESTMENT OPPORTUNITY DUNMORE RD TUAM CO GALWAY
FOR SALE/ PRICE ON APPLICATION
PRODUCING €225K PA
Other - Tuam Galway
The property is located in Tuam which is c.36 km from Galway, 120 kms from Limerick and 216 kms from Dublin. It is strategically linked from a roads infrastructure perspective by the M18 and M17 motorways.
The Property extends to approximately 2,803 sq m (30,171 sq ft) and situated on an extensive site of It is located on the Dunmore Road within walking distance of the town and the other Valeo Facilities in the town.
Car parking for the property is extensive and all comprises surface car parking.
The property comprises a single storey office/research & development facility. The tenant recently carried out substantial refurbishment investment which is easily recognisable on inspection.
Valeo Vision Systems are hugely prominent in Tuam with a number of other buildings in the immediate location. The Building currently houses over 400 employees from over 30 different countries and is a flagship R&D facility.
Valeo’s Tuam facility is the mother site for the Valeo Vision product line. The site hosts both an R&D centre and a large production facility. The site is responsible for all aspects of design and manufacturing of top, rear and side view cameras, as well as working towards an end goal of automated driving. It currently employs over 1,000 at the site.
The Automated Parking Research & Development Centre is highly innovative, specialising in the design and development of cutting edge Automated Parking Advanced Driver Assistance Systems (ADAS) incorporating viewing camera and including applications such as Pedestrian Detection, Cross Traffic Alert and Automated Parking. The AP Team are located across multiple sites primarily Tuam and Bietigheim and are responsible for research into core software & system technologies including Object Detection, Data Fusion/MAP and Vehicle Maneuvering algorithims and full development of the life cycle to bring Automated Parking End User Functions to market.
Valeo’s 360VueTM 3D Surround View System provides the driver with a three dimensional (3D) view around the vehicle. The system enables the driver to maneuvre the car without the need to switch between front, side and rear views. SightStreamTM builds on Valeos existing products as a new system to replace interior and exterior mirrors with cameras.
All of these were developed or are under development in Tuam.
RESEARCH & DEVELOPMENT BUILDING LET TO VALEO VISION SYSTEMS
…Extending to a total of 2,803sq m (30,171 sq ft)
…Frontage of c.76m (249 ft)
…Situated on its own site of c.1.55 hectares (3.83 acres)
…The Property has been fully let since 2001.
VALEO VISION SYSTEMS – Very prominent in Tuam and occupying a number of buildings in the area and employing over 1,000. This subject facility has over 400 employees working in the facility involved in Research & Development.
FITOUT – The building has been recently fitted out to the highest specifications and is recognised as an extremely high spec Office facility.
The Current lease in place is a 15 year lease from 17th February 2014.
Break Clauses in Lease at Years 7 and 12
Rent Review due in 2018 and then every 3 years thereafter linked to SCSI Index
Tenant responsible for Insurance and Internal Repairs
- €225000 pa
- 15 Year Lease
- c.1.55 Ha (3.83 Ac)
- Strong Covenant
- Superb Fitout