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Unit C1, Woodlawn Business Park, Old Swords Road, Dublin 9

Investment Property (1,353.00 sqm) Sale Agreed
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Sale Agreed

Location

The property is situated within the Woodlawn Business Park on the west side of the R132 (Old Swords Road), approximately 9km north of Dublin City Centre. The surrounding area consists of traditional warehousing. The property lies within close proximity to all major arterial routes such as the M50 motorway, the M1 Dublin to Belfast Road and Dublin International Airport. The area has easy access to Dublin City Centre via the port tunnel. In addition, the area is well serviced by a number of Dublin Bus Routes.

Full Description

The subject property is a detached two bay warehouse building and is of concrete portal framed construction infill pebble-dashed concrete block walls under a pitched double skin roof, with translucent panels. The property is on a site of approximately 1.07 acres. 

Internally, the warehouse offers two large regular shaped bays. The warehouse features a dust proof conrete floor, painted fair-faced conrete block walls, and suspended fluorescent light fittings. The property benefits from a roller shutter entrance and an eaves height of roughly 5.2 metres.

The ancillary reception / office accomodation is laid out in a single storey celluar formation and comprises tiled floors, plastered and painted walls.

Tenancy

The property is leased on a 3 year lease from 8th July 2015 at a contracted rent of €60,000 per annum (€4.12psf).

Price

Offers are sought in the region of €820,000, representing an immediate net initial yield of 7.00% with revesionary potential. The quoting price equates to approximately €56.33psf, which is considerably below replacement costs.

 

Viewing Details

By special appointment with the sole selling agent, Lisney.

Accommodation

    The approximate Gross External Areas (GEA) are as follows:

    Description Sq.m Sq.Ft
    Warehouse 1,187 12,777
    Ancillary Offices 166 1,786
    Total  1,353 14,557

    All intending purchasers are specifically advised to verify all floor areas and undertake their own due dilligence. 

BER Details

BER: C3
BER No. 800526238
Energy Performance Indicator: 118.44 kgCO2/m2/yr1.33 kWh/m2/yr

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.