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A north Dublin business park is being offered to investors at a guide price which could generate a yield of over 10pc.
Primeside Business Park consists of 25 own door self contained industrial units within three blocks which were constructed in 2007.
Agents CBRE are guiding €2.15m for the property which is currently 80pc let with a good tenant mix generating an annual rent of €234,655 per annum.
The self-contained, secure and landscaped site extends to 3.15 acres and is located within phase 2 of Northwest Business Park, a well established industrial location, approximately 5km from the M50 motorway.
Colm Luddy CBRE says that while the guide price offers an initial return of over 10pc after total investor outlay, the yield could be further increased "through active asset management, as many of the leases are short term and there is potential to maximise income as units are let off current market rents and by letting the five remaining units."
The combined buildings extend to 6,629sqm. Its units range in size from 156sqm to 402sqm and have been finished to include two storey office accommodation ready for immediate occupation.
Primeside Business Park was developed by Primeside Properties which is in receivership.
