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POA

Refreshed on:12/12/2017

Brewery Business Park, Dundalk, Co Louth

Businesses 27541 m2


Description

High profile investment opportunity offering further asset management opportunities to increase the rent receivable
Subject property presents a former Brewery that has been re-developed into a business park comprising warehousing, light industrial units and yard space.
Comprises of 57 industrial units extending to approximately 32,841 sq m (353,507 sq ft)
The entire site extends to approx. 8.09 ha (20 acres)
Current rent receivable is €663,200 per annum. We estimate there is significant potential to increase the rent receivable by a further €330,000 per annum.
Guide price of €4,200,000 reflecting a Net Initial Yield of 17.12% assuming standard purchaser's costs at 8.46%
Tenants not affected
For sale by Private Treaty
Location
Brewery Business Park is located just off the R171, Ardee Rd in Dundalk. The Ardee Road affords the property with direct access to junction 16 of the M1 Motorway 3.5kms south of the park. The M1 motorway connects the two major cities of Belfast and Dublin as well as providing access to numerous major regional centres on both sides of the border in between.
Dundalk is strategically located mid-way between these two hubs, 73km from Dublin Airport, 81km north of Dublin Port Tunnel as well as being within 85km south of Belfast city centre.
In terms of travel times to each of these main transport hubs, distribution vehicles will not have to contest with the congested M50 Motorway to provide the distribution of exports and as such reducing travel costs and timings.
Data Room: Further information will be available on the data room - www.brewerybusinesspark.com

Cushman & Wakefield

164 Shelbourne Road, Ballsbridge, Dublin 4

Tel: 01 6399300

PSRA Licence No.  002222





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