6.2pc yield on offer in North Dublin
agent Savills is guiding a price of €625,000 for Unit D7 in the Enterprise Centre at North City Business Park in Dublin. The subject property has the benefit of a 10-year FRI (full repairing and insuring) lease from January 2018 with no break options.
Let to CeX (Completed Entertainment Exchange Ltd), an established and growing technology exchange company, at an annual rent of €42,000 (exclusive), the lease is guaranteed by parent company CeX Franchising Limited. Based on its guide price of €625,000, the property offers the prospective purchaser a net initial yield of 6.2pc.
Unit 7 is a modern, terraced industrial facility extending to 400.5 sq m. This includes 111.2 sq m of office accommodation. The property has a clear internal height of 7.6 metres and loading access is provided via one ground-level roller shutter door.
North City Business Park is located at junction 5 on the M50 (M50/N2 junction) providing ready access to Dublin city centre, Dublin Airport and Dublin Port Tunnel. Developed and managed by Rohan, the campus is well-established with Crown Relocations, Hilti, Parcel Motel, Denis Mahony Motors, and BWG Foods included amongst its occupiers.