Prime Industrial Investment - For Sale by Private Treaty
ELIZABETH’S BLOCK
B a llymo unt C ross Ind ustr i a l E s t a t e , B a l l y m o u n t , D24
Tenant Not Affected
Executive Summary
•
A prime detached industrial facility extending to approximately 1,329 Sq. m (14,308 Sq. ft)
•
Situated approximately 8km west of Dublin City Centre and within 1km of both the M50 / Naas Road interchange (J9) and M50 /
Ballymount Interchange (J10)
•
Let to Tocana Limited on a 10 year FRI lease from January 2010 at an annual rent of €100,000 p.a.
•
WAULT 3.40 years
•
Estimated rental value approximately €120,000 p.a. (Reversionary Yield 10.44%)
Location
The subject property is pivotally located at
the entrance to Parkway Business Centre in
Ballymount Cross Industrial Estate, close to the
roundabout with Turnpike Road and Ballymount
Road Lower.
Ballymount Cross Industrial Estate flanks
the eastern side of the M50 motorway at the
M50/Ballymount junction. The M50 Motorway
provides direct access to all of the arterial routes
to and from the city, and there is easy access to
the Dublin Port Tunnel and Dublin Airport. The
Luas red line from Connolly Station to Tallaght
is within walking distance and the property is
situated approx. 8kms southwest of Dublin City
Centre.
THE PROPERTY
N.B. For identification purposes only
Description
Warehouse
• High profile detached warehouse facility with large enclosed yard
• Single span of metal frame construction
• Insulated metal deck roof incorporating translucent panels
• Concrete block walls to a height of 2.5 metres with insulated
cladding over
• Sealed concrete floor
• Mezzanine Level
• Clear internal height approx. 8 metres
• L oading access is provided to the front by 2 x roller shutter doors
into the yard
• Gas fired warm air blowers
• High bay sodium lighting
Offices
• Suspended ceilings with recessed fluorescent lighting
• Painted and plastered walls
• Electric Storage Heaters
N.B. For identification purposes only
• Cartridge type air conditioning units
• Carpeted / wooden laminate floors
Tenancy
• Perimeter trunking
• Double glazed PVC windows and doors
The property is let to Tocana Limited on a 10 year FRI lease from
4th January 2010 at an annual rent of €100,000. The tenant had
a break option at the end of year five subject to six months’ prior
written notice, which has now passed. The lease incorporates a
rent review at the end of the fifth year.
• Reception area
• Toilets
• Kitchenette
• Mixture of open plan offices / partitioned offices
Services
Accommodation Schedule
Floor
Use
Sq. m
Sq. ft
Ground
Office
311.41
3,352
Ground
Warehouse
1,017.85
10,956
1,329.26
14,308
Total
*The property also has the benefit of mezzanine level storage space extending
to approximately 335.26 Sq. m (3,608.72 Sq. ft).
**Intending purchasers must satisfy themselves as to the accuracy of the
measurements provided above.
We understand that all mains services including 3 phase power
are provided and connected to the property.
Title
Solicitor
Freehold
Aoife Crowley
Ivor Fitzpatrick & Company Solicitors
44-45 St. Stephen’s Green
Dublin 2
VAT
Any VAT arising as a result of the transaction
will be the responsibility of the purchaser
Guide Price
€1,100,000 (Net Initial Yield 8.7%)
BER
Contact
Bryan Garry MRICS MSCSI
Associate Director
T: +353 (0) 1 637 5555
E: [email protected]
Brian Kelly
Surveyor
BER Number: 800497950
T: +353 (0) 1 637 5555
E: [email protected]
Energy Performance Indicator:
427.13 kWh/m²/yr 0.61
qre.ie
Inspections
All inspections are strictly by appointment
through QRE
PSRA Registration No. 001798
The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in
whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied
on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or
any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only
representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and
expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective
purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars;
(b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d)
arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any
representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other
details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or
representations of fact but must satisfy themselves (at their own expense) as to their correctness.