Unit 2c, Century Business Park, Finglas, Dublin 11
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€165,000
Investment Property For Sale1,507 sq. feet (140 sq. metres)
Rating:
Contact Name: Bryan Garry
Selling Agent:
Artis
PSR Licence Number: 004063
Email Agent Call 01 437 6891
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Property Description
Industrial investment
Extending to approximately 140 sq. m. (excluding mezzanine)
4 surface car parking spaces
Let to Cityfood 4u Ltd
In use as food preparation and delivery hub
Current passing rent €12,000 p.a.
Significant reversionary potential
Attractive capital value of approx. €109 per sq. ft (significantly below replace placement cost)
Location
Century Business Park is a well-established commercial/Industrial & logistics development situated on St. Margaret’s Road, Finglas, Dublin 11, strategically positioned adjacent to the N2 / M50 interchange and within easy reach of the M1 motorway and Dublin Airport. The location offers excellent access to Dublin Airport, Dublin City Centre, the M50 motorway network and surrounding north Dublin suburbs, making it a highly accessible commercial and distribution location. Nearby occupiers within the wider area include a range of industrial, trade counter, distribution and service-based operators, to include the HSE, U Store It, Solen Energy and ACME Homes amongst others.
About
Unit 2C comprises a modern mid terrace commercial / light industrial unit. The property forms part of a wider actively managed development.
Externally, the property benefits from a modern insulated metal deck roof incorporating translucent roof lighting together with rear roller shutter loading access and designated surface car parking. Internally, the property is currently fitted out and in use as a food preparation and delivery hub incorporating commercial kitchen facilities, cold storage accommodation, preparation areas, dispatch / collection space and ancillary staff and office accommodation over ground and first floor levels. The existing specification includes extraction system, gas connection, goods lift access between floors together with alarm and CCTV systems.
Tenancy
The property is occupied by Cityfood 4U Ltd at a passing rent of €12,000 per annum exclusive. The tenant is in occupation under a 10-year lease from 1st October 2015 incorporating a tenant break option in September 2023 which was not exercised. Lease Expiry September 2025 (overholding).
In the normal manner, all parties are advised to satisfy themselves as to the accuracy of all information to include measurement.
BER Details
BER No. 801151390
Energy Performance Indicator: 0.00 kWh/m2/yr
This property was last updated: 4 days ago
