A3 Canal Bank, Hume Avenue, Parkwest Industrial Estate

Asking Price: €500,000

Property Location

Parkwest Industrial Estate is situated to the west of Dublin City, approximately 9km from the City Centre. The subject property is located at Site 11 Canal Bank which is accessed off Hume Avenue. The estate benefits from excellent access to transport infrastructure. Exits 7 and 9 of the M50 are located within proximity and provide access to all of the main arterial routes leading to Dublin City, Dublin Airport and Dublin Port Tunnel.

Property Description

The property comprises a mid-terrace modern warehouse investment. The unit is arranged over ground, part first and part mezzanine level floors and extends to approximately 638 sq. m (6,870 sq ft.) in total. This includes 571 sq. m (6,149 sq ft.) over ground and first floors and 67 sq. m (721 sq ft.) at mezzanine level. Internally the property is arranged to provide for a catering facility to include; food preparation area, cold storage facilities, WC and staff facilities, back office function and warehouse/storage accommodation.

Property Specification

The office accommodation at ground and first floor levels benefits from the following specification: • Suspended ceilings with recessed fluorescent lighting • Painted and plastered walls • Electric storage heating • Carpeted flooring • Wall mounted cabling. The warehouse accommodation at ground floor and mezzanine level consists of: • Metal frame construction • Single skin metal deck roof incorporating translucent panels • Full height concrete block walls • Sealed concrete floor • 1 x automated roller shutter door

Lease Terms

The property is subject to a 5 year IRI lease in favour of Arena Hospitality Ltd t/a Egan Hospitality Group from 01.04.15 at an annual rent of €40,000 per annum.

Property Size/Area

Approximately 638 sq. m (6,870 sq ft)

Service Charge

€5,500 per annum

Rates

€9,200 per annum

VAT

Transfer of Business – Purchaser required to be VAT registered

BER Rating

BER Number

800585416

Energy Performance Indicator

412.81 kWh/m²/yr 1.12