Sunday 17 December 2017

Centrally-located Dublin industrial units at €850k

108-109 Bann Road is 650m from the cross-city Luas line
108-109 Bann Road is 650m from the cross-city Luas line
Ronald Quinlan

Ronald Quinlan

Agents William Harvey & Co are quoting an asking price of €850,000 (exclusive) for 108-109 Bann Road, a detached industrial warehouse and office facility at the long-established Dublin Industrial Estate.

Located approximately 650m from Broombridge railway station and the new cross-city Luas line that is currently under construction, the facility is equidistant from both Dublin city centre and the M50 motorway.

The property consists of a total gross external floor area of 2,155 sq m (23,196 sq ft and sits on a site of 0.6 hectares (1.49 acres).

The facility's asking price of €850,000 (exclusive) equates to €364 per sq m (€33.80 per sq ft) once €66,000 is allowed for the surplus 0.33 acre over and above standard site densities.

The agents maintain this amounts to "a fraction of what it would cost to build the property".

This single-span unit has a twin-skin, insulated cement fibre roof with approximately 10pc translucent roof panels. A suspended ceiling has been fitted throughout the industrial and warehouse area.

Loading access is provided through a grade loading door to the front and two older-type dock levellers at the side of the facility. The clear internal height of the industrial / warehouse space is 5.5 metres. The front of the property consists of 374 sq m (4,026 sq ft) of original, two-storey offices and staff facilities.

The property benefits from a surfaced yard with additional space to the rear which would, subject to planning permission, be suitable for the expansion of the building.

Given the shortage of industrial and warehouse properties for sale in Dublin, the agents expect strong interest.

Indo Business

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