Balheary Road, Swords, Co. Dublin
POA For Sale 19,605.00 sqm approx- Industrial investment opportunity let to the Commissioner of Public Works in Ireland (OPW)
- Situated 1.4 km from Swords Town Centre, 1.5 km from the M1 motorway, 5km from Dublin Airport and 600m from proposed Metrolink Estuary Station
- Detached industrial facility extending to approx. 19,605 sq. m (211,030 sq. ft) G.I.A on a site area of approx. 3.46 ha (8.56 acres)
- Let on a 20-year lease from September 2010
- Passing rent of €1,316,250 p.a.(€6.24 per sq. ft) increasing to €1,355,350 p.a. (€6.42 per sq. ft) in September 2024
- 5-yearly open market rent reviews, the next of which is in September 2025, offering significant reversionary potential
- Tenant has expressed an interest in regearing current lease
- Guide Price: €21m reflecting a net initial yield of 5.87% (assuming standard purchasers costs of 9.96%) and a low capital value of approx. €100 per sq. ft
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