Smurfit industrial buildings in D12 for sale at €6.25m

Knight Frank is quoting €6.25 million for two industrial buildings rented by Smurfit at Lower Ballymount Road, Dublin 12. The investment will show a yield of 10 per cent. The two detached units extend to 2,508sq m (27,000sq ft) and 5,527sq m (59,500sq ft). The larger building is let to Smurfit Irish Paper Sacks under a 25-year lease from 2005 at €618,681 per annum. The smaller unit is currently vacant and is expected to rent for €94,500 when a suitable tenant is found.