Sunday February 23, 2020

Nine industrial units in Sandyford for sale

Knight Frank is handling the sale of a portfolio of income-producing industrial units on Heather Road in Sandyford Industrial Estate in Dublin, which should draw strong interest from investors.

22nd July, 2015
Heather Road, one of nine industrial units for sale in Sandyford

The nine units are all let and produce an annual income of €231,510 from nine tenants. Knight Frank is seeking offers in excess of €2.6 million for the entire portfolio, which presents an attractive net initial return of about 8.5 per cent when standards acquisitions cost of 4.46 per cent are accounted for.

There is a Weighted Average Unexpired Lease Term (Wault) of ten years across the portfolio.

Prospective purchasers will also be given the opportunity to...

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