Wednesday 26 July 2017

Wicklow business park guiding €10m

Savills is seeking €10m for this Wicklow Business Park
Savills is seeking €10m for this Wicklow Business Park
Peter Flanagan

Peter Flanagan

Savills has been tasked with finding a buyer for a 200 acre business park in Wicklow with an asking price of close to €10m.

The agents say the park "has the benefit of a number of strategic pieces of infrastructure including a natural gas supply line, mains water and a high voltage direct 110kv connection to the national grid with a site owned substation and transformers".

Planning permission is in place on a 4.25 hectare (10.5 acre) portion of the site for a simple cycle gas turbine peaking power station which is valid until March 2019.

This is a significant land bank situated about five kilometres northwest of Arklow town and four kilometres from Junction 20 on the M11 which provides access to the M50, to Dublin Airport and the Dublin Port Tunnel.

Included in the 200 acres is approximately 102 acres of zoned land. Of the zoned land, 69 acres has been developed and includes 26,000 sq m of warehouse and office accommodation. There are 131 acres of undeveloped land at the park, of which 33 acres is zoned.

According to Savills' Gavin Butler. "It is rare for commercial land banks of such size and scale to come to the market. Whilst benefitting from excellent access to the M11 via Junction 20, the land is very secluded, nestling unobtrusively in the vale of Avoca. The extent and range of infrastructure in-situ makes this land bank ideal for end users and investors in the energy, recycling and IT or datacentre sectors".

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