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Unit 7 Beechpark Smithstown Shannon Co. Clare

€285,000 For Sale 836.41 sqm approx

Investment Property For Sale - 9,003 sq. feet (836 sq. metres)
Features: - Approx. 836.4 sq m (9,003 sq ft) - Internal headroom to eaves height of approx. 8m - Modern mid terrace warehouse / light industrial unit - Let to West Coast Aviation (Shannon) Ltd on a 21 Year FRI lease from September 2005 at a current rent of €27,000 pa excl. - Strong potential reversionary yield of 12.5% - Neighbouring occupiers include Expeditors, Kuehne & Nagle and CEVA Logistics - Strategic location between Junctions 8 & 9 off the N18 & M18 Limerick to Galway road network and within close proximity of Shannon International Airport Location: Smithstown Industrial Estate is a well-established business location situated adjacent to The Shannon Free Zone East with occupiers there including Zimmer Medical, GE Sensing and Lufthansa Technik Turbine. The property is situated approx. 5 km north east of Shannon International Airport, 20km north west of Limerick city centre, 20 km south of Ennis and 80 km south of Galway. Shannon is the second largest town in Co. Clare and occupies a strategic position along the Atlantic corridor and has excellent road connectivity to Gateway cities of the Atlantic corridor cities of Limerick, Galway and Cork. Shannon is situated in the mid-west region of Ireland and is a major pro-business community and business and a base for over 200 overseas companies in ICT, life sciences, financial services, publishing, software, aviation and logistics. Description: The property comprises a modern terraced warehouse / light industrial unit incorporating a mezzanine level. The property is constructed on a steel portal frame with concrete block walls to full height to both sides with concrete block walls and metal clad walls to the front and rear, insulated metal deck roof incorporating roof lights and concrete floor. Loading access is provided by means of an automatic up and over loading door to the front. Tenancy Details: - Let to West Coast Aviation (Shannon) Ltd on a 21 year FRI lease from September 2005 - Current rental income of €27,000 pa excl. - Term certain to lease expiry, no break option - Rent review due in Sept 2020 & Sept 2025 - The reviewed rent shall be the higher sum of €39,600 pa excl or the current Market Rent - West Coast Aviation is a supplier of commercial aircraft parts and related services; - West Coast Aviation (Shannon) Ltd was incorporated in 1991 with a good covenant reported by Dun & Bradstreet Accommodation: Ground - Warehouse - 561.2 SQ M (6,041 SQ FT) Mezzanine -

Ber Rating

BER Exempt


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