Price on Application - For Sale|772 sqm approx
Industrial Investment Opportunity (Tenants Not Affected) Location The property is situated just off Bracken Road, which is located within Sandyford Industrial Estate and just 10kms from Dublin City Centre. The estate is a short distance from Junction 14 (M50 / Dundrum), providing ease of access to all main arterial routes to / from the city. Notable occupiers in the area include Spirit Motor Group; Audi; Microsoft; Woodies DIY; Jumpzone and Brooks. The property is also just a 10 minute walk from the Stillorgan Luas Stop (part of the Luas Green Line), connecting St. Stephens Green to Cherrywood. Description The property consists of a detached warehouse facility extending to approx. 772 Sq.M, and is situated on a site of approx. 0.444 of an acre. The property comprises a steel portal frame construction with an insulated asbestos roof (incorporating translucent panels) over. Internally, there are full height concrete block walls with the perimeter of the property comprising a red brick façade and a dash render finish to the side elevation of the property. Loading access is via 2 no. grade level roller shutter doors. The unit benefits from a clear internal height of approx. 4.75m. The tenant has installed a steel mezzanine structure over virtually the entire ground floor area. The offices are finished to a basic specification to include painted and plastered walls / ceilings with fluorescent strip lighting, wall mounted sockets, carpet covered floors and WC facilities. Approx. 8 car parking spaces are provided to the front of the property, with a further external storage area to the rear of the property. Tenancy Information The property is currently let to SMBPL on a 35 year FRI lease from 1st January 1991, with a rent review provision every 5 years. There is approximately 8.75 years of the lese unexpired. The current passing rent is €54,000 per annum, exclusive of outgoings. Warehouse: 50 Sq. M (5,447 Sq. Ft) Ground Floor Office: 133 Sq. M (1,432 Sq. Ft) First Floor Office: 133 Sq. M (1,432 Sq. Ft) Total Area (GEA): 772 Sq. M (8,311 Sq. Ft) Ancillary: 6 Sq. M (70 Sq. Ft) Steel Mezzanine: 417 Sq. M (4,488 Sq. Ft) BER Rating: D1 BER No. 800528689 Energy Performance Indicator 403.67 kWh/m²/yr 1.66 Commercial Rates: Available on request Service Charge: Available on request Price: Price on Application Viewings: View by appointment with the sole agents Cushman & Wakefield.