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Unit 4

Cookstown Estate Road, Cookstown Industrial Estate

For Sale Guide Price €2,000,000
Property Highlights
  • Industrial investment opportunity
  • Total floor area extending to approximately 2,567 sq. m (27,631 sq. ft)
  • Unexpired lease term of circa 3.61 years
  • Land and car park of approx 1.25 acres
  • Let to Karl Goodwin Motors Ltd (Tenant Not Affected)
  • Passing Rent €144,000 per annum
  • Guide Price €2,000,000
  • NIY of 6.55% (after standard purchasers costs of 9.96%)
  • Capital Value of approx €72 per square foot
Property Location

The property is situated within the wider Cookstown Industrial Estate, which is approximately 2km southwest of the M50 at Junction 10, and 3.5km from the N7 / Red Cow Interchange, Junction 9.

Dublin City Centre is approximately 13km from the subject property.

Several industrial estates surround the subject property including Airton Road Industrial Estate, Broomhill and Hibernian Insurance Industrial Estates.

Neighbouring occupiers include Aldi, Windsor Motors, Richard Nolan Civil Engineering, and K-Tech Security.

Property Description

Unit 4 comprises a detached industrial building laid out as 4 separate warehouses, accessed directly from Cookstown Road via two separate vehicle entrances.

There is supplementary ground and first floor office space demised to the tenant.

A tarmac yard is to the front of the unit which can accommodate in excess of 30 cars.

The unit is approximately 2,567 sq. m (27,631 sq. ft)

The property is of of concrete block construction with sealed concrete flooring, and single skin asbestos roofing incorporating translucent panels throughout.

There are 2 no. roller shutters to the front, providing vehicular and pedestrian access to the property. There is 1 no. roller shutter to the rear. There are two separate pedestrian access points to the front and center of the property.

Intending purchasers must satisfy themselves as to the accuracy of the measurements provided.

Lease Terms

The tenant is not affected by the sale of this property.

Approximately 95% of the property is let to Karl Goodwin Motors Ltd on a 4 year and 11 month FRI lease from the 1st December 2021, at a passing rent of €144,000 per annum (approx. €5.21 per sq. ft).

The lease expiry date is the 30th of October 2026. There is approximately 3 years and 7 months remaining on the term.

We understand VAT is not payable on the rent.


The property falls within the South County Dublin Development Plan 2022-2028 and is zoned REGEN.

Some permitted in principle uses are as follows: Enterprise Centre, Health Centre, Industry-Light, Live-Work Units, Residential, Residential Institution, Sports Club/Facility.

Some open for consideration uses are as follows: Data Centre, Hospital, Industry-General, Primary Health Care Centre, Retail Warehouse.

Property Size/Area
2,567 sq. m (27,631 sq. ft)
Property Status
For Sale
BER Details
Ber Number - 800885865
Ber Energy Performance Indicator - 575.43 kWh/m2/yr 4.08
Property Location
QRE Contacts
Harry Byrne
Harry Byrne
BSc. Hons  


Harry is a key member of the QRE Investment and Agency team. He has experience in a wide variety of ... View More

+353 86 855 6927


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Bryan Garry
Bryan Garry

Director Investment

Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More

+353 83 391 8649


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