Asking price of €1,950,000 for high-profile position site

By William O'Connor

AN INVESTMENT opportunity with an excellent high profile position and an annual rent of €170,000 in Ballymount has come on the market.

The property, which has a Net Initial Yield of 8.04 per cent, is let to Swan Plant Ltd and has a 15-year lease.

3 4 Crossbeg Industrial Estate Press Release compressor

The high profile site in Ballymount has an annual rent of €170,000

The tenant is not affected by the sale of the site which has an asking price of €1,950,000.

The property comprises two semi-detached concrete portal frame buildings and a further steel portal frame building, providing approximately 3,122 sq m (33,605 sq ft).

The property is let on a 15-year lease from November 2017 on a full repairing and insuring basis at a rent of €170,000 per annum (exclusive) to Swan Plant Hire (Dublin) Limited, which is 100 per cent owned by LIR Holdings. LIR Holdings is 100 per cent owned by the LOXAM Group.

The site is situated off Ballymount Road Upper in Crossbeg Industrial Estate close to the M50 and Greenhills Road.

The property has a very generous sized yard with frontage of approximately 107m along Calmount Road.

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