The entire of White Heather Industrial Estate on Sotuh Circular Road in Dublin 8 and an adjoining three-bedroom house is being offered For Sale by Public Tender through joint agents Lisney and PALRE.
Extending to approximately 6,740 Sq.M. on 1.15 hectares (2.84 acres) with 188m of canal frontage, the investment is currently producing rental income of €542,000 per annum from five tenants, including An Post, which operates a sorting office from its premises.
Lisney continues to strengthen its teams with the promotion of Lynda Gordon and appointment of Fergus Slattery.
Lisney is pleased to announce the promotion of Lynda Gordon to Divisional Director within the investment Team. Lynda joined Lisney in 2006 and worked within the retail division. In 2009, she joined JLL and then moved to Knight Frank in Melbourne Australia and experience that gave her international experience across the sectors.
Former home of Smithwicks Bewery set to become a vibrant new urban quarter in the heart of Kilkenny City
Acquired by Kilkenny City Council in 2016, the 10 acre site that until 2013 housed Diageo's Smithwicks Brewery is set to become a vibrant urban quarter in the heart of Kilkenny city. Taking its name from the remains of the 13th century Franciscan Abbey, which will form a central feature of the development, Abbey Quarter will be a living and working destination for the local community as well as international and national businesses.
Greenfield Shopping Centre for sale by Private Treaty for €1.25 Million
Investment yield of 11.34% set to rise to 12.38% within three years.
Joint agents Lisney & Hibernian Auctioneers are seeking offers in excess of €1.25 million for a well let high yielding retail investment property in Maynooth Co. Kildare.
Greenfield Shopping Centre is situated just 0.5km south of Maynooth railway station on the east side of Straffan Road which connects Maynooth with the M4 motorway. The development comprises a single storey neighbourhood shopping centre with ample car parking all on a site area of approximately 1 acre. Tenants within the centre include Centra, St Patrick’s Pharmacy, Kin Kaho Thai Restaurant, Mulcahy Craft Butcher and St. Vincent De Paul.
Lisney an Hibernian Auctioneers are marketing the freehold interest in the entire development for sale, out of which a small number of long leasehold interests have been carved out and sold to two owner occupiers.
The property is fully let with nine retail units extending to approximately 698.63 sqm (7,520 sqft) GIA leased on traditional occupational leases. The combined rental income from these units along with the long leasehold interests is €153,790 per annum.
This income is considered secure with a current weighted average unexpired lease term (WAULT) of just less than 8 years. Investors will benefit from an increased rent roll in the short term with income set to increase to €167,790 in three years’ time due to contracted stepped rental increases.
Christopher Belton of Lisney and Gerard Hyland of Hibernian Auctioneers are handling the sale and anticipate strong interest from private investors seeking attractive yields in the current marketplace.