Monday 20 May 2019

Strong interest expected in D11 industrial unit

For rent: Unit 1 Northern Cross Business Park in Finglas, Dublin 11
For rent: Unit 1 Northern Cross Business Park in Finglas, Dublin 11
Donal Buckley

Donal Buckley

An industrial unit with office facilities in Finglas, Dublin 11, is available for rent at less than €9 per sq ft.

The premises at Unit 1 Northern Cross Business Park extends to about 3,356 sq m (36,129 sq ft) including fully refurbished offices of 382 sq m (4,112 sq ft).

Its high bay warehousing extends to 2,974 sq m (32,017 sq ft), offers a clear internal height of 12 metres and is fitted with extensive pallet racking and warehouse heaters including destratification fans. It also has three dock levellers for loading access, and one roller shutter door.

Agents CBRE are quoting €323,000 per annum for the unit. John Reynolds of CBRE says it will appeal to logistics and distribution operators affected by the lack of available quality warehousing. "With Brexit-related demand expected to increase in 2019 as companies attempt to streamline and adapt their supply chains, we are expecting strong interest in the unit," he adds.

Access to the M50 motorway is just 700 metres away at the M50/N2 junction, and it is about 11km south west of Dublin Airport and 9.5 km west of Dublin Port Tunnel.

"In the current market demand is outstripping supply with the majority of speculatively developed industrial buildings being pre-let or letting relatively soon after practical completion. With growth in the industry set to continue, demand for high quality warehousing is going somewhat unsatisfied.

"This strong stream of demand is emanating from retail/eCommerce, logistics operators including 3PLs, freight forwarders and general storage and distribution companies," he says.

Indo Business

Also in Business