Cookstown industrial unit for €750,000
Knight Frank is guiding €750,000 for what it calls three "high profile" industrial units with superb redevelopment potential at Cookstown Industrial Estate in Dublin.
The three units boast a floor area of. 2,806 s q m and are situated on a one and a half acre site.
The complex faces onto Cookstown Way, overlooking the Cookstown Luas Stop.
Access to the estate is via both Cookstown Way and Belgard Road. The property is 2km from Tallaght Village and about 11km from central Dublin.
Neighbouring estates include Broomhill Industrial Estate, Hibernian Industrial Estate and Whitestown Business Park. Notable tenant's in the vicinity include Allied Logistics, Prodieco Pharmaceuticals, B & Q in addition to a Topaz filling station.
The properties comprise a concrete frame construction with a single cement fibre roof incorporating translucent panels. Loading access to each unit is through a single ground level roller shutter door. The units have a varied clear internal height ranging from 4m to 5.57m.
The units are situated on a secure, self-contained site with a large common yard.
Two of the units are currently let to Digiscreen & OCM Motors on short term tenancies, and are paying €13,600 & 13,800 per annum respectively.
The lease to Digiscreen is for a term of 4 years and 9 months from January 2015, and the lease to OCM Motors is set to expire February 2016.
Knight Frank's James Smith said: "the properties offer a short to medium term income stream with opportunities to either negotiate or renew new leases." The property falls under the Tallaght Town Centre Local Area Plan and is zoned Mixed Use.