Dublin 24 industrial investment guiding at €650,000

Agent Harvey is guiding a price of €650,000 for Unit 20 at the South City Business Centre in Tallaght, Dublin 24.

The property briefly comprises a mid-terrace light industrial warehouse unit of 350sq m (3,767sq ft), and comes to the market let to Carambola Ltd (tenant not affected) until May 2025. The lease is fully repairing and insuring, qualified by a schedule of condition, and the tenant has invested heavily in the fit out of the property for their use.

The property is producing €38,000 per annum, equating to €10.08 per sq ft. This figure is exclusive of all other outgoings, which the tenant is also liable for. A deed of renunciation of lease renewal rights has also been executed by the tenant, offering the potential for future vacant possession, if required. The asking price of €650,000 reflects a net initial yield of 5.32 per cent after allowing for standard purchaser’s costs of 9.96 per cent.

The unit’s light-industrial/warehouse space has bright, clear-span accommodation with a clear internal height of 6.4m. The property includes 95sq m (1,023sq ft) of fully-fitted, two-storey offices with staff facilities located to the front of the building. The unit has seven designated car-parking spaces.

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South City Business Centre is a modern, actively-managed and secure development and is one of the most popular light industrial/warehouse schemes in southwest Dublin.