Thursday 19 April 2018

Three industrial sites on market for €7m total

The Curragh Carpets facility in Newbridge, Co Kildare, has been put up for sale guiding €2.45m
The Curragh Carpets facility in Newbridge, Co Kildare, has been put up for sale guiding €2.45m
Peter Flanagan

Peter Flanagan

THREE industrial sites have been launched by CBRE with a combine list price of close to €7m.

A site at the IDA business park in Newbridge and another site in Dublin are being brought to market for the first time, while another property in Arklow has been relaunched at a reduced price.

Under the instructions of receiver Grant Thornton, the former Curragh Carpets facility in Newbridge has been formally put up for sale with a guide price of €2.45m.

The property is located in the Newbridge IDA Business Park, some 2km south of Newbridge town centre. Other occupiers in the park include Lily O'Brien's, Proctor and Gamble and Comerford Brothers Limited.

The 9,457sqm facility is set on a secure site of approximately five acres and comprises two main sections extending to 6,075sqm and 3,312sqm respectively along with an additional link building of 70sqm.

CBRE say the warehouses "are both finished to an extremely high specification with a clear height of 8m".

"The warehouses also benefit from a clear span with no internal columns along offering maximum flexibility with full sprinkler system throughout. The overall site benefits from excellent accessibility with separate HGV vehicular access to the rear of the site."

Jarlath Lynn of CBRE commented: "It is a superb opportunity to acquire a competitively priced building which has excellent flexibility to re-configure depending on occupier requirements, at a fraction of what it would cost to build."

Separately CBRE have re-launched the former Vitra facility in Arklow where the original guide price of €5.5m has been slashed to €3.5m. The property extends to 9,749sqm and is set on a secure five-acre site. The property is to the south east of Arklow adjacent the M11/South Arklow Interchange.

The two sites come to the market along with a property in Dublin that is up for sale by private treaty.

OCCUPIERS

The 7.2 acre-site at Damastown Industrial Estate in Dublin 15 is on the market for €895,000

The property is situated in an established industrial location, about 5km northwest of the N3/M50 junction. It is located on the northern side of the N3 and benefits from "excellent accessibility to same via two junctions".

The lands are also situated in close proximity to a number of large occupiers including Helsinn Birex, Covidien, IBM, Geodis and Astellas.

"The area benefits from close proximity M50 motorway access to all of the main routes from Dublin, Dublin Airport and the Dublin Port Tunnel," say CBRE.

The property benefits from excellent frontage on to Damastown Road of approximately 150m. The entire site is held in a single block and the boundaries are defined by Damastown Road and natural hedgerows.

The entire site is zoned "HT" under the Fingal Development Plan 2011-2017.

Mr Lynn, who is also handling the sale, believes the property will appeal to both owner occupiers and developers alike as it comprises an excellent quality land holding. The site has extensive frontage on to the N3 and convenient access to the M50 motorway.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business