Investors looking for a high-quality income-producing investment in the industrial sector may be interested in three units which have just come to the market, seeking €6 million at Dublin’s Northwest Business Park.
The properties are for sale by private treaty and have the benefit of tenants in situ. The three units comprise about 33,561sq ft (3,118sq m) and are fully let to two tenants at an annual rent of €230,000. The sale also offers investors immediate reversionary potential, through outstanding asset management initiatives.
The subject units are located in Phase 2 of Northwest Business Park, which was developed by Park Developments and is one of Dublin's most established industrial locations. The business park is within 6.5km of Junction 5 and Junction 6 on the M50, providing ready access to the motorway, and to all of the main arterial routes around Dublin, including Dublin Airport and Dublin Port Tunnel.
The units come with steel portal frames, insulated metal deck roofs, clear internal heights of 8.8 metres, along with generous yards and circulation space.
Highlighting the attractiveness of the investment, Fergus O’ Farrell of the sole selling agent, Savills, said: “The industrial investment market has gone from strength to strength over the past few years, fuelled by strong levels of occupational demand and a lack of high-quality buildings in ready supply. The industrial sector accounted for a record 18 per cent of total investment turnover in 2021 and we believe the high demand for this sector is set to continue in 2022.”
