The unit with a guide price of €295k on the market in Tallaght
Guide price of €295k for tyre centre industrial unit
THE industrial unit in The Square Motor Centre that houses Square Tyres has gone on the market with a guide price of €295k.
The unit is for sale by private treaty and is on a 20-year lease to Square Tyres that commenced in 2019.
Selling agent Keane Thompson described the property as a “high profile retail/industrial unit” that benefits from being in a “very busy retail location”.
The unit is currently laid out as a retail tyre garage with a toilet and office to the rear, while there are two further offices upstairs.
Internally, the walls are painted with concrete flooring and roller shutter doors to the front. The property is currently let on a 20-year lease at €20,000 per annum exclusive.
“This unit will suit investors seeking an attractive yield in a high-profile location,” stated Keane Thompson in the property listing.
The property has a gross yield of 6.7 per cent, and a service charge of €3,200 per annum.
Nearby amenities include the M50 and N7 motorways, numerous bus routes, the Red Line Luas, The Square Shopping Centre, Tallaght University Hospital and TU Dublin – Tallaght Campus.
