Tuesday 6 December 2016

Nangor Road sites quoting €1.04m

Published 19/04/2015 | 02:30

The two sites on the Nangor Road are on the market for €1.04m
The two sites on the Nangor Road are on the market for €1.04m

CBRE have been instructed to handle the sale of two sites in west Dublin with a combined guide price of €1.04m.

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The sites are located in what CBRE call "an established industrial location". The sites, located on the Nangor Road and the Old Naas Road are being offered to the market by way of Private Treaty and may be purchased as one entire lot or individually.

The Nangor Road site, zoned EP1 under the South Dublin Development Plan 2010-2016, extends to 1.34 hectares (3.3 acres) and has an extensive profile onto the Nangor.

The site neighbour's Woodies DIY on the Naas Road. CBRE are quoting a guide price of €850,000 for this site.

The Coolfan House site, measuring approximately 0.34 hectares and zoned Z6 under the Dublin City Development Plan, neighbours the City Link Business Park.

A derelict dwelling occupies the site while access is obtained from the Old Naas Road. CBRE are quoting a guide price of €190,000 for this site.

The location of the two assets provides excellent transportation links to Dublin Port and the Greater Dublin Area via the M50, said the firm.

Peter Garrigan of CBRE commented: "This is an excellent opportunity to acquire two prominent assets in an established industrial location.

"The availability of high profile assets in similar locations is limited and we believe these properties will appeal to both developers and owner occupiers," he added.

There has been some uptick in the industrial market in recent days, with sites now changing hnds for higher rates than they have at any time since the end of the Celtic Tiger days.

Last week an industrial site in Citywest was sold for €100 per square foot, setting a new high in a market that had been decimated by the crash.

Rents too, are on the up, with rates now heading toward €10 a square foot - the highest rate in years.

Sunday Indo Business

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