Overview

Excellent Investment Opportunity, High Quality Industrial Unit

Unit 85 Lagan Road is situated in a high profile location within Dublin Industrial Estate, one of Dublin’s long established and sought after locations.  Dublin Industrial Estate is ideally located approx. 4 km from the N2/M50 motorway (Junction 5) and 5.5 km from the Dublin Port Tunnel providing ease of access to all arterial routes to and from Dublin City. The property occupies a prominent position in Dublin Industrial Estate and has the benefit of 35m of profile onto Lagan Road. Warehouse Unit 85 Lagan Road comprises an impressive facility extending to approx. 1,180.98 sq. m (12,712 sq. ft) situated on a secure site of 0.275 hectares (0.68 acres).  The unit is of steel portal frame construction with concrete block fill to eaves height under a single pitch twin skin metal deck roof incorporating approx 10% Perspex roof lights. Generously apportioned warehouse accommodation is complimented with a clear internal height of approx. 5.5 metres.  Internal illumination is provided by a combination of high bay halogen lighting and 10% translucent roof panelling. Loading access is provided via two steel roller shutter door situated to the front of the unit.  Office Good quality office accommodation which extends over 2 storeys is situated to the front elevation and incorporates plastered and painted walls, double glazed aluminium windows and suspended ceilings. Investment The property is currently let by way of a 7 FRI year lease extension from the 17th December 2018 to Westrock Healthcare Packaging Ireland Limited, an established pharmaceutical packaging company at a passing rent of €73,000 per annum exclusive. The rent will review to €80,000 per annum exclusive from the 17th December 2023. CBRE are guiding a competitive quoting price of €850,000. This reflects a price of approx. €66.86 per sq. ft and would provide an investor with an initial yield of 7.92%.
Less

Sizes and Measurements

Total Size

2,362sqm

Schedule of Accommodation

Office

Details

Industrial

Size

59sqm

Status

Available

For sale

Price On Application

Available from

Immediately

Warehouse

Details

Industrial

Size

1,122sqm

Status

Available

For sale

Price On Application

Available from

Immediately

Total

Details

Industrial

Size

1,181sqm

Status

Available

For sale

Price On Application

Available from

Immediately

Lease Information & Charges

For sale

Price On Application

Specification/Key Benefits

  • % Office Content
  • D2 BER Certification
  • 800467375 BER No
  • 5.5 meters m Clear Internal Height
  • 2 Roller Shutter Doors
  • Year Built: 1995
  • Quality of space: Secondhand / Refurbished

Location

  • 11 kilometres from Dublin Airport
  • 5.5 kilometres from Port Tunnel
  • 4.3 kilometres from N2/M50 motorway (Junction 5)

Photos

IMG_4564
IMG_4562
IMG_4561
LAGAN 1

Other properties in this area