Unit A2, Building 6500, Cork Airport Business Park, Co. Cork

LOCATION

The property is situated in Cork Airport Business Park, one of the premier business parks in the region. It is located on Avenue 6000, close to the Cork International Hotel and is within easy walking distance of the airport terminal building in Cork Airport. The re is convenient access to the Kinsale Road N27, South Ring Road N40, city centre and all main art erial routes. Cork Airport Business Park, situated approx. 6km south of Cork city centre, is laid out as a low density campus style landscaped environment and it provides approx. 750,000 SqFt of third generation office accommodation across 27 main buildings. Occupiers in the park include Amazon, Aviva, Bank of N ew York, McKesson, Marriott, Alter Domus, Poppulo, MMD Construction, TLI Group and Statkraft.

Cork city is the second largest city in the R epublic of Ireland and the population in the city is approx. 223,657 (Census 2022). Cork is the commercial capital of the south of Ir eland and has a track record of attracting multinational/ foreign direct investment. Cork is home to global market leaders in pharmaceuticals, healthcare, information and communications technology, biotechnology, professional and international financial services.

TENANCY SCHEDULE
Floor: First
Net Floor Area: 268.74 SqM (2893 SqFt)
Tenant: Ceva Ireland Limited (Company No. 317331)
Lease Start: 1st August 2021
Lease Expiry: 30th June 2026
Annual Rent: '40,000 per annum

Ceva Ireland Limited was set up in December 1999 and it is owned by Ceva Technologies Inc which is headquartered in Rockville, Maryland USA. Ceva is a leader in innovative silicon and software IP solutions that enable smart edge products to connect, sense, and infer data more reliably and efficiently. It is a global company with offices in USA, Ireland, France, Serbia, Greece, Israel, Sweden, China, South Korea, Taiwan and Japan.

Ceva Ireland Limited have been a tenant of the subject property since October 2011, initially on a 4 years 11 months lease, which was extended by a further period of 4 years 11 months and then a further period of 4 years 11 months from 1st August 2021. The tenant has signed a Deed of Renunciation and vacant possession is available on 30th June 2026 if required.

DESCRIPTION

The property comprises a first floor own door office premises, part of a larger two storey U-shaped block containing 10 similar type office units overlooking a central landscaped plaza. It provides good quality office accommodation with good natural light and with own door access via a ground floor entrance. It is laid out internally with open plan office accommodation, private office, meeting room, break out area, tea station, server room and ladies and gents toilets. The property has the benefit of 12 surface car spaces in the adjacent surface car park.

TITLE:
Long Leasehold