Valeo to sell property on Broomhill Road

FOOD giant Valeo Foods Group is selling their facilities on the Broomhill Road in Tallaght with a price of €8.7m.

This follows the loss of up to 20 jobs at the Robert Roberts plant last month as a result of Valeo “restructuring” its operations, to include the cessation of its tea operations at their Broomhill Road site.

Robert Roberts 01

Valeo are looking for €8.7 million for the site on Broomhill Road

As reported in The Echo last month, the coffee operations and Valeo’s wine and spirit brand Findlater will remain in Tallaght and will maintain the continued employment of more than 80 people at the Broomhill Road facility.

The two units on the Broomhill Road are being sold as an investment opportunity, as there is a 12-year secure income stream from the property as a result of the property providing an initial rent of €661,487 per annum with a net yield of seven per cent, with the facility being subject to a 35-year lease with two tenant break options.

Unit 78, which is one of the two units on offer as a combined single sale, is a detached warehouse and office building with a modern extension, while Unit 79 is a modern, detached production and office facility which is currently used for coffee production.

Selling agents William Harvey have described the property as possessing “excellent future redevelopment potential”, and the units’ surrounding occupiers include the new Harvey Norman store and Agnelli Motor Park.

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