Unit 7, North Park, North Road, Dublin 11
For Sale -Excellent Owner/Occupier/Investor Opportunity- Modern, Corner Profile Industrial Building
Dublin, 09 July 2019 – CBRE are now offering a unique opportunity to acquire a high-quality corner profile industrial unit within one of Dublin City’s premier business parks. This unit is in excellent condition throughout and has been owner occupied since it was built back in 2003. The property fronts directly on to the main North Park Road offering great profile for business users.
Unit 7 has a total gross external floor area of 1,204 sqm (12,958 sq.ft). There are three-storey modern offices located to the front elevation totalling 389 sqm/4,187 sq.ft. The warehouse area is finished with sealed concrete warehouse floor, LED lighting, a double skin insulated roof including additional perspex roof lighting and a clear internal height of approx. 12 metres. There is a three-storey steel mezzanine of 1,274 sqm (13,713 sq.ft) to part of the warehouse with approx. 2.6 metres height between each level. Loading access is provided by means of two electrically operated insulated loading doors one of which is a dock leveler. The building allows for easy access for deliveries in and out as well as ample staff/customer parking located to the front of the building.
North Park Business Park is a modern and secure business campus benefiting from direct access to the M50 at the North Road N2/M50 Junction just 700 metres from the property. This bustling, high profile location provides immediate access to Dublin Airport, Dublin City Centre, the Port Tunnel, the M1 Motorway and all major arterial roads via the M50 Motorway. Occupiers in the immediate area include Lexus, Audi, Parcel Motel, Cummins and many more. Charlestown Shopping Centre is located directly adjacent to the Park with a variety of shops and amenities on offer.
Demand for modern industrial buildings in strategic locations around the M50 remains strong with the majority of requirements coming from the logistics, Ecommerce, data centre and food & beverage sectors. We are also seeing a notable increase in demand for industrial units of this size bracket in recent months. The industrial and logistics sector remains buoyant and we are seeing more existing businesses looking to expand their operations in Ireland together with an increase in Brexit and other international occupier enquiries.
The limitability of modern stock is causing an inflation in rental prices which is set to continue. Prime Dublin industrial rents now stand at €106 per m2 in Q2 2019 and Prime yields at 5.1%.
With rents expected to rise by a further 6.5% by the end of the year this offering is an excellent opportunity for both owner occupiers and investors alike.
CBRE are guiding a competitive quoting price of €1,500,000 exclusive which equates to €115.76 per sq.ft exclusive.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie