HARVEY.IE

Opportunity to Acquire an Investment with Income

until June 2024. Asset Management Angle to

Enhance Value at Lease Expiry.

F OR SA LE (TE NA NT N OT AFFEC TED)

Units 9A & 9B Park West Industrial Park, Nangor Road, Dublin 12

3,143 Sq. m. 7.01% Net Initial Yield

M50 Motorway, N4 & N7 Access

Boundaries For Indicative Purposes Only

P R O P E R T Y F E AT U R E S

- Corner position, detached industrial / warehouse & office

facility.

- Sub-divided into two units and therefore capable of being

let in one or separate lots in the future.

- Twin span building of steel frame construction.

- Metal deck roof with 10% translucent rooflights.

- Reinforced concrete floor.

- Clear internal height of 7.7 m.

- 4 No. full height level access doors.

- Fully fitted offices & staff facilities in each unit.

- 38 car parking spaces.

— Please note we have not tested any apparatus, fixtures,

fittings, or services. Intending purchasers must undertake

their own investigation into the working order of these

items.

B E R

BER: E1BER No. 800169096Energy Performance Indicator: 501 kWh/m2/yr

L O C AT I O N H I G H L I G H T S

- Park West Industrial Park lies 7.2 km south west of Dublin

city centre, adjacent to Junction 9 (Naas Road / N7) on

M50 Motorway.

- The M50 connects the main arterial routes serving the

country.

- The Park is fully managed with 24 hour security.

- Excellent public and private transport.

- Park West is located adjacent to the Cherry Orchard and

Park West Railway Station - just one stop from Heuston

Station near Dublin city centre.

- There are a number of Dublin Bus routes serving the Park

and also a private shuttle bus service linking to the city

centre and the nearby Kylemore LUAS stop.

- Amenities are excellent and include coffee shop,

restaurant, a selection of shops, a creche and a fitness

centre. Visit www.parkwest.ie .

T H E O P P O R T U N I T Y- Excellent rental growth prospects.

- Ideal for an owner occupier with a future space

requirement or an investor.

- As the Tenant is not in occupation, an opportunity exists

at Lease expiry to re-let the unit/s on new longer leases,

thereby enhancing investment value or alternatively to

dispose of unit/s with vacant possession.

T E N A N C Y

- Full repairing and insuring Lease to Gardiner Group Ltd for a

Term expiring on 24th June 2024.

- Numerous Deeds of Variation have been executed.

- The current annual rent payable is €235,000 (exclusive).

- Outstanding, upwards only rent review as at 23rd June

2019.

- There are two sub-lettings in place, both expiring in advance

of the Lease expiry date and Deeds of Renunciation have

been executed.

C O V E N A N T I N F O R M AT I O N

- Gardiner Group Ltd was incorporated in 1986 and is an Irish

Registered company (Company No. IE118029). Its

subsidiaries include Ark Safety Equipment Ltd, MVI Hazel

Ltd, P.E. O’Brien & Sons Ltd, Safeway Manufacturing

Company Ltd and Mygan Supplies Ltd.

- The Company Status is Section 357 (Southern Ireland).

- The Ultimate Holding Company is Roll Up Ltd (Company No.

IE377933).

A S K I N G P R I C E€3,050,000 (exclusive). A purchase price at this level would

reflect a Net Initial Yield of 7.01%, after standard Irish

purchaser’s costs of 9.96%.

A C C O M M O D AT I O N (Sq. m.)

Measurement Application - Gross External

Intending purchasers are specifically advised to verify all information, including floor areas. See DISCLAIMER.

Industrial / Warehouse 1,736

UNIT 9A

Two Storey Offices & Staff Facilities 646

TOTAL 2,382

Industrial / Warehouse 629

UNIT 9B

Two Storey Offices & Staff Facilities 132

TOTAL 761

OVERALL TOTAL 3,143

UNIT 9A

UNIT 9B

Boundaries For Indicative Purposes Only

DISCLAIMERParticulars are set out as a general outline for potential purchasers / tenants and whilst every care has been taken in their preparation, they do not constitute an invitation to treat, or an offer or contract of any kind. All descriptions, floor areas, site areas, dimensions, plans, maps, computer generated images, references to condition, permissions or licences of use or occupation, access and other details, are for guidance purposes only and may be subject to change. The particulars and information are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely upon them as statements or representations of fact, and is specifically advised to satisfy themselves as to their accuracy by carrying out their own due diligence at their own expense. No principal or employee of William Harvey Ltd t/a HARVEY has any authority to make or give any representation or warranty in respect of any property and no liability will be accepted in respect of any loss suffered by any intending purchaser / tenant or third party arising out of information contained on these web pages, brochures or given verbally. Prices and/or annual rents are quoted exclusive of VAT and any other applicable taxes that the purchaser / tenant will be liable for and the purchaser/tenant must satisfy themselves independently as to the incidence of VAT, stamp duty and all additional outgoings or associated acquisition costs in respect of any transaction.

T: +353 1 453 2755E: info@harvey.ieW: www.harvey.ie

PSRA Licence No. 002027

GPS: 53.33042, -6.36707

D R I V E T I M E S M I N S

M50 Motorway Junction 7 8

M50 Motorway Junction 9 6

N7 (Naas Road) 4

Dublin City Centre 18

Dublin International Airport 20

(Source: Google Maps without traffic)