Two Park West units on the market for in the region of €3m
By Brendan Grehan
TWO units at Park West Industrial Park in Dublin 12 are on the market with estate agent Harvey for a price tag of around €3 million.
The property is a detached block, subdivided into two self-contained industrial/warehouse and office units.
Two units in Park West are up for sale
The 3,143 sq m (33,831 sq ft) comprises unit 9A (2,382 sq m/25,640 sq ft) and unit 9B (761 sq m /8,191 sq ft).
The property has a clear internal height of 7.7m (25 ft), full-height, ground-level loading doors and 38 car-parking spaces.
Each of the units includes fully-fitted offices and staff facilities.
Currently, the entire property is leased to Gardiner Group Ltd for a term expiring June 24, 2024, and the current annual rent is €235,000 (exclusive).
The asking price of €3.05 million (exclusive) reflects a net initial yield of 7.01 per cent, after standard purchaser’s costs of 9.96 per cent.
Park West Industrial Park is an actively managed development adjacent to the Cherry Orchard and Park West railway station and benefits from a range of amenities including a coffee shop, restaurant, shops, a crèche and a fitness centre.
A number of Dublin Bus routes serve the scheme while a private shuttle bus service links it to the city centre and the nearby Kylemore Luas stop.
The M50 motorway is a short drive time away and can be accessed via junction 7 (N4) and junction 9 (Naas Road/N7).
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