Almost €4m for industrial investment close to airport

Unit A at Willsborough Industrial Estate
Unit A at Willsborough Industrial Estate

Lisney is seeking in the region of €3,950,000 for an industrial investment close to Dublin Airport and the Port Tunnel.

Unit A at Willsborough Industrial Estate in Clonshaugh, Dublin 15, extends to 3,200 sq m (34,500 sq ft) and stands on a site of 0.7 of a hectare (1.67 acres).

The building is let to BT Communications at €330,000 per annum on a single full repairing and insuring lease that runs to 2025 without break options. The tenant company has reported an after tax profit of €42.4 million on a turnover of €425 million in the year ending December, 2012.

The Clonshaugh investment will show an initial yield of 8.07 after costs according to Duncan Lyster of Lisney.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times