Two industrial units offered for €295,000

Knight Frank is to seek a buyer for two small industrial units at Sandyford Industrial Estate at a guide price of €295,000, which will show a net yield of 10.5 per cent.

Units 3 and 4, Furze Road, are let on two upwards-only leases to Outlaws Western Restaurant at a combined rent of €32,000 per annum.

Unit 3 is let from August 2002 for 25 years and includes a tenant break option in year 15. The second building is let for nine years and six months from 2006. The two building are of equal size and configuration and have a total floor space of 248.5sq m (2,675sq ft) divided between warehouse and office.

Jack Fagan

Jack Fagan

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