Joint agents HWBC and REA Gunne Property are guiding €1.45 million for a modern industrial investment at East Coast Business Park in Drogheda, Co Louth.

If it sells at this level, the investment will show a return of 12.19 per cent.

The 2,247sq m (24,189sq ft) warehouse is let to retailer Harvey Norman – with a guarantee from the Australian parent company – until 2027 with a tenant break option in 2022.

The current rent of €184,640 is subject to upwards only rent reviews.