D2 Airton Road Business Park Tallaght, Tallaght, Dublin 24

Quantum Property Consultants bring to the market Unit D2, Airton Road Business Park, Tallaght, Dublin 24. The property briefly comprises a mid-terraced industrial unit, incorporating two-storey offices to the front elevation 115 sq. m (1,238 sq. ft), and a warehouse area extending to 335 sq. m (3,606 sq. ft) with loading access through an electrically operated door to the front.

D2 is in a small development of similar type industrial/office units off Airton Road with Broomhill Industrial Estate to the rear. The property is of steel portal frame construction incorporating precast concrete walls with double skin insulated and pitched metal deck roofing with translucent Perspex lighting panels. High bay halogen lighting is within the warehouse. There are double glazed windows throughout and gas heating servicing the offices. Offices are finished with plastered and painted walls, suspended ceilings, recessed fluorescent strip lighting and carpet throughout. Ladies and gents toilets are provided at ground floor level.

The building is in excellent condition and was constructed in circa 2002. There is clear internal height of 6.7m. The property is fully alarmed and has the benefit of a floodlit loading area, via electric roller shutter 5m high x 4m wide to the front elevation with five designated car park spaces.

The property is currently tenanted by Aspect Interiors who have been in occupation for the past 4 years. They are currently on a notice to vacate period which expires on May 15th, 2024. There may be an opportunity to agree a further lease agreement with the tenant should the purchaser wish to buy the unit as an investment.

The current rent is 43,500 per annum. In our opinion there is a reversionary increase in income opportunity. At current market rent we would foresee a Net Initial Yield in the region of 7%The tenant pays the rates and service charges.

Airton Business Park offers excellent access to all main national arterial routes including the M50 motorway (3.5 km), the N81 Tallaght bypass, the N7 and the N11. The area is also well served by public transport including the Red Luas line.

Item Sq M Sq Ft

Warehouse 335 3,606
Two Storey Offices 115 1,238
Total GEA (Gross External Area) 450 4,844