Industrial | Auction
Property Location The subject property is located within Sunshine Industrial Estate in Crumlin. This well established industrial estate is positioned off the Crumlin Road backing onto Brickfield Park in Drimnagh. It is positioned approximately 3km from Dublin City Centre and approximately 4.7km from the M50, making it an ideal logistics location with ease of access to the City Centre and all other major arterial routes.
Property Description The subject property comprises a substantial warehouse investment extending to approx. 778 sq.m. (8,373 sq.ft) excluding a substantial approx. 565 sq.m. (6,080 sq.ft.) first floor mezzanine.
The property comprises a warehouse/industrial building of concrete block construction with pebble dash finish, asbestos roof incorporating translucent panels, solar panels and roller shutter door.
Internally the unit is predominantly in storage/workshop configuration at ground and mezzanine level with ancillary trade counter, offices, training rooms, meeting rooms along with kitchen, WC and shower accommodation provided.
The subject lands are zoned "Z10 - Inner city Sustainable Mixed-Uses" benefiting from Potential Redevelopment (S.P.P). The land use zoning objective is to consolidate and facilitate the development of inner city and inner suburban sites for mixed uses.
Lease Terms The property is single let to A.P. Haslam Limited for a term of 20 years from 01.01.2013 at an annual rent of €85,000 per annum. The lease provides for full repairing and insuring covenants and provides for open market rent reviews.
In the normal manner, this is an investment sale and the existing tenants are not affected by the sale.