With no industrial and logistics developer delivering units of less than 20,000sq ft in Dublin at present, agent Harvey expects to see strong interest in a property it is bringing to the market in Glasnevin.
Extending to a total area of 929sq m (10,000sq ft), Units 107A and 107B Lagan Road occupy a self-contained and gated site of 0.42 acres in the long-established Dublin Industrial Estate. The property is being offered for sale at a guide price of €1.25 million (exclusive). A long-term lease of at least 10 years will also be considered by the vendor with a quoting rent of €100,000 per annum (exclusive).
Both properties are of steel-frame construction with internal perimeter block walls to part height and are smooth cement-rendered internally. The roofs are of twin-skin insulated metal decking incorporating approximately 10 per cent translucent roof lights in the industrial areas. Loading access is provided to the front of both premises via automated steel roller-shutter doors.
There are two-storey offices situated to the front of both units with curved external finishes. The internal finishes include plastered and painted walls, carpet-covered floors, suspended ceilings with recessed lights, double-glazed windows and heating. Each property benefits from 11 designated car parking spaces.
In terms of its accessibility, Dublin Industrial Estate is situated almost equidistant from both the city centre and the N2/M50 interchange. The subject property, meanwhile, is located just 500m from the Luas red line stop at Broombridge.
Kieran Casey of Harvey says: “With no industrial developer in Dublin currently building units of less than 20,000sq ft due to spiralling build costs, this represents an excellent opportunity for those parties looking for buildings which are ready to let. This property is also likely to appeal to occupiers or those taking a view on the longer term redevelopment prospects for this industrial estate.”
