Dublin 24 industrial investment guiding at €650,000

Sale of Unit 20 South City Business Centre offers purchaser net initial yield of 5.32%

Unit 20 South City Business Centre comes for sale fully let until May 2025
Unit 20 South City Business Centre comes for sale fully let until May 2025

Agent Harvey is guiding a price of €650,000 for Unit 20 at the South City Business Centre in Tallaght, Dublin 24.

The property briefly comprises a mid-terrace light industrial warehouse unit of 350sq m (3,767sq ft), and comes to the market let to Carambola Ltd (tenant not affected) until May 2025. The lease is fully repairing and insuring, qualified by a schedule of condition, and the tenant has invested heavily in the fit out of the property for their use.

The property is producing €38,000 per annum, equating to €10.08 per sq ft. This figure is exclusive of all other outgoings, which the tenant is also liable for. A deed of renunciation of lease renewal rights has also been executed by the tenant, offering the potential for future vacant possession, if required. The asking price of €650,000 reflects a net initial yield of 5.32 per cent after allowing for standard purchaser’s costs of 9.96 per cent.

The unit’s light-industrial/warehouse space has bright, clear-span accommodation with a clear internal height of 6.4m. The property includes 95sq m (1,023sq ft) of fully-fitted, two-storey offices with staff facilities located to the front of the building. The unit has seven designated car-parking spaces.

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South City Business Centre is a modern, actively-managed and secure development and is one of the most popular light industrial/warehouse schemes in southwest Dublin.

Ronald Quinlan

Ronald Quinlan

Ronald Quinlan is Property Editor of The Irish Times