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Swords Road, Cloghran, County Dublin

€2,750,000

K67CN13

Swords Road, Cloghran, County Dublin

€2,750,000

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Beds
Price	€2,750,000
Property Type	Investment Property
Size	meters²
Energy Rating	BER-D2
Refreshed on	Nov 14, 2023
Eircode	K67CN13

Description

- Strategic land holding 400m from airport lands and just off the M1 & M50, - Site area approx. 1.8 acres, - Zoned GE – General Employment, - Leased to Value Van Rentals Limited and Emo Oil Limited, - Total passing rent €151,000 pa (2023), €157,000 pa (2024), Colliers are delighted to bring to market a prime investment opportunity, situated a stones throw from Dublin airport. The site totals an area of 1.8 acres and is currently zoned GE - General Employment, which facilitates a wide range of opportunities for the prospective buyer. There is top potential for an industrial or enterprise development (SPP). The site is superbly positioned on the west side of the Swords Road beside the Carlton hotel, 1.7km to the airport roundabout and just off the M1 and M50. Situated close to several successful industrial and office parks, including Woodford Business Park and Furry Park Industrial Estate. The site currently has two access points from the R132 and 90m of road frontage. This opportunity is being brought to market at a guide price of €2,750,000 which equates to a net initial yield of 5.25% after purchasers costs. The site currently benefits from two tenancies. The first of which is an unmanned filling station operated by Certa (Emo Oil Limited) occupying a portion of roadside to the front of the site. The remainder of the land is leased to Value Van Rental. The current combined passing rent is €151,000, which is subject to increasing to €157,000 with a stepped rent coming into place in 2024.

BER Details

BER: D2

Description

- Strategic land holding 400m from airport lands and just off the M1 & M50, - Site area approx. 1.8 acres, - Zoned GE – General Employment, - Leased to Value Van Rentals Limited and Emo Oil Limited, - Total passing rent €151,000 pa (2023), €157,000 pa (2024), Colliers are delighted to bring to market a prime investment opportunity, situated a stones throw from Dublin airport. The site totals an area of 1.8 acres and is currently zoned GE - General Employment, which facilitates a wide range of opportunities for the prospective buyer. There is top potential for an industrial or enterprise development (SPP). The site is superbly positioned on the west side of the Swords Road beside the Carlton hotel, 1.7km to the airport roundabout and just off the M1 and M50. Situated close to several successful industrial and office parks, including Woodford Business Park and Furry Park Industrial Estate. The site currently has two access points from the R132 and 90m of road frontage. This opportunity is being brought to market at a guide price of €2,750,000 which equates to a net initial yield of 5.25% after purchasers costs. The site currently benefits from two tenancies. The first of which is an unmanned filling station operated by Certa (Emo Oil Limited) occupying a portion of roadside to the front of the site. The remainder of the land is leased to Value Van Rental. The current combined passing rent is €151,000, which is subject to increasing to €157,000 with a stepped rent coming into place in 2024.

BER Details

BER: D2

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Property Price Register

Colliers (Commercial)

Tel: 01 63...

PSRA Licence No. 001223

Date created: Nov 14, 2023