Block F, M7 Business Park, Newhall,, Naas, KildareSold C3

Industrial Units 21590 ft² / 2005.78 m²

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Description

The property comprises a detached block on its own site (0.35 hectares) providing 3 modern terraced commercial units. Each unit provides modern office content to the front and warehouse space to the rear. Construction is with steel portal frame, low level block walls, double skin cladded upper exterior and roof with translucent sections, and power floated concrete floor. The office content is fully fitted in accordance with its use with the open plan warehouse section having a clear internal height of 8 metres. Loading access is provided via a roller shutter door to the front of each unit. The properties benefit from communal car parking to the front.

Features

The subject property is located in the M7 Business Park which is accessed off Junction 10 on the M7 Motorway, approximately 2 km west of Naas. The Business Park, which was completed in 2007, provides a mix of large detached and smaller terraced commercial units with office elements. Occupiers in the Park include KFM, Mongey Communications, and the HQ of Enfer Scientific and Clonmel Enterprises. The M7 Motor Park (Merlin Car Auctions, Ganly Craige, Finlay Ford) and the Newhall Retail Park (B&Q, Harvey Norman) are located closeby surrounding the Newhall Interchange

BER Details

BER: C3

Accommodation

ACCOMMODATION: (GEA)
Sq.m. Sq.ft.
Unit F1: 1,090.08 11,733
Unit F2: 468.50 5,043
Unit F3: 447.24 4,814

TITLE:
Long Leasehold (assumed).

SERVICES:
All mains services connected or available to each property.

TENANCY:
Unit F1: Vacant Possession

Unit F2:
The property is let on an informal lease from March 2014 at a passing rent of €15,000 p.a.

Unit F3:
The property is let to “City Electrical Factors Limited” on a 20 year lease from January 2007 at a current rent of
€32,500 per annum. The property is subject to 5 yearly Upward only rent reviews. There are break options at the
end of the tenth and fifteenth year. We are advised the tenant is paying a reduced rent of €26,000 per annum.