Savills is guiding €1.65 million for an industrial investment at North City Business Park on North Road in Dublin 11.
Unit C1 comes to market with a 10-year lease from February 2015 at an annual rent of €145,756.75. There is a tenant break option at the end of year five, subject to six months’ notice, while the lease also incorporates a rent review at the end of year five.
The property is a modern high-bay logistics facility extending to 2,355sq m (25,349sq ft), which includes 667sq m (7,180sq ft) of office space. There is a clear internal height of 9.8 metres and loading access is via two dock levellers with tailgate loading plus one ground-level roller shutter door. An enclosed rear yard is also included in the specification.
North City Business Park is about 7km north of the city centre and is less than 1km from junction five (N2) on the M50. This gives easy access to many arterial routes leading to Dublin Airport and the Port Tunnel.
Other occupiers nearby include Crown Relocations, DB Schenker, Wincanton, Denis Mahony Motors, and Joe Duffy Motor Group.
Gavin Butler of Savills says that the prime location of the property, together with its modern specification, means that it has excellent re-letting prospects, “minimising any potential void periods in the future”.