Dundalk NCT centre on market

Savills and Property Partners Laurence Gunne have begun marketing the NCT Centre in Dundalk, Co Louth, which is to be sold as an investment. The agencies are quoting €350,000 for the detached building at Coes Road which is rented at €39,983 per annum. The 30 year lease from 1999 provides for a break option every 10 years. The centre is let to National Car Testing Service Ltd., a subsidiary of a successful Spanish company. Loman Dempsey of Savills said he was expecting strong interest in the investment because of the high quality building and the attractive yield.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times