Sunday 25 February 2018

Occupier and development offers along M7

A number of properties are for sale, some with rental options, along the M7 motorway.

One of these is the former McCormick MacNaughton premises in Aerodrome Business Park, for which receiver Billy O'Riordan of PWC has reduced his asking price from €12m to €9m.'

Originally costing over €30m to develop, the building extends to 9,422sqm, including three self-contained industrial units totalling 3,327sqm; two-storey offices of 3,064sqm which benefit from air conditioning, raised access floors, an elevator and canteen; a showroom of 345sqm and a large basement car park. It is located about 1km from Rathcoole Village in south Dublin.

Agents HT Meagher O'Reilly are also willing to let the property for which they are asking a rent of €450,000 per annum. Naas

The same agents are also guiding €4.5m for the sale of a 15.78 acre property near Naas which comes with over 9,290sqm of existing industrial accommodation split in two.

It also benefits from 300 metres of high profile road frontage just north of The Big Ball landmark at the Naas town turn- off from the M7.

Evan Lonergan of HTMOR said that possible uses include service station, car sales, offices, and industrial. He will also consider sales of lots from 0.5 acres upwards and won't rule out letting the property.


Further south, at Junction 14 Mayfield Interchange, Monasterevin, Co Kildare, a 20- acre block of development land has come to the market.

Jordan Auctioneers are quoting €40,000 per acre for the site which is zoned industrial / warehousing under the Monasterevin Local Area Plan 2008 which would facilitate a range of uses.

The land is adjacent to the new Mayfield Services Station which has recently opened. According to AA roadwatch it is estimated that 2 million people will use this new services station annually which will further improve the overall profile of the area.

The land located just off the M7 Motorway is approximately 60km from Dublin and the M50, 190km from Cork, 120km from Limerick and 225km from Belfast City.

The location links Dublin to Tipperary, Clare and Midlands towns such as Portlaoise and Tullamore.


Meanwhile near exit 10 Ladytown, Co Kildare, three units are available to rent in Ladytown Business Park, a development run by father and son team, James and Robert Walsh. Up to 150 businesses operate from the park ranging from a mechanics garage to a ten-pin bowling alley.

Agents Sherry FitzGerald O'Reilly are quoting €5 per sq. ft. for warehouse space and €8.50 per sq. ft. for offices.

Irish Independent

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