Strong demand for south Co Dublin industrial units
Demand for industrial investment in Stillorgan and Sandyford’s industrial estates is underlined by the sale of 21 Spruce Avenue on the Stillorgan Industrial Estate.
The property, which is let to DiaSorin Ireland Limited under a 14-year lease with a break in 2021, and produces a rent of €60,000, was offered for sale by Quinn Agnew.
The property attracted nine bidders and sold for about €920,000 showing an initial yield of 6.2 per cent.
The building comprises an end-of-terrace, two-storey industrial/warehouse facility extending to about 1,130 square metres.
Eoin O’Toole of Quinn Agnew ...
