Modern Light Industrial & Office Unit

For Sale

35 Stadium Business Park

| Dublin 11

| D11 YE12

€

375,000

Offers in excess of

Summary

For sale with full vacant possession- modern, light industrial & office unit extending to c. 270.48 sq.m / 2,911 sq.ft (GEA) in Stadium Business Park off the Ballycoolin Road with easy access to the M50 and city centre.

Location

Stadium Business Park is a well-established and popular business park adjacent to Junction 5 on the M50 (North Road / N2) with easy access to M50 (1km), Dublin Airport (9km), Dublin City Centre (8km), the Dublin Port Tunnel and all aerial routes. Occupiers within the surrounding area include Coca-Cola HBC, Dunnes Stores, and GLS.

Situation

Unit 35 is in a cul-de-sac of similar units with good circulation and parking space to the front.

Description

Unit 35 is a modern, light industrial & office unit extending to c. 270.48 sq.m / 2,911 sq.ft (GEA).

Originally built as warehouse with integral two-storey offices, the unit was upgraded in early 2003 with a high quality mezzanine to provide an additional 73 sq.m. of space.

The warehouse has clear height of 3.5m.

Suited to a variety of uses, the unit has ground floor warehouse with roller door and attractive first floor accommodation currently set out as offices.

Proposal

We are instructed to seek a figure of €375,000

Commercial Rates (2024) are €2,877.19

Business Park service charge is €TBA

Investment Considerations

Our estimate of Market Rent is €35,000 per annum;
There is a shortage of this type of space in the market.
A purchase at the asking price reflects an attractive net initial yield of 8.48% after standard acquisition costs of 9.96%