Overview
- Updated On:
- March 10, 2017
Description:
The subject property comprises two detached industrial units on a site of approximately 1.37 hectares (3.4 acres). The site which is irregular in configuration has a frontage of approximately 34.0 metres to Ballymount Road Lower. Vehicular access to the property is directly from Lower Ballymount Road.
Unit 1
Located to the rear of the site, comprises an original 1970’s built production/warehouse facility with a modern warehouse extension. The older part of the building is of concrete portal frame construction with a double skin asbestos roof incorporating perspex roof lights and concrete block and brick infill walls. The building incorporates a two storey office section of brick/block construction. The modern extension is of steel frame construction with a metal deck roof.
Internally, the warehouse unit has a sealed floor, painted walls, gas fired hot air blowers and halogen lighting. Parts of the warehouse area have a water sprinkler system. Office finishes include plastered and painted walls, acoustic tiled or plastered ceilings and carpets. Heating to the offices is means of an oil fired system serving wall hung radiators.
Unit 2
Located to the front of the site, comprises an original 1970’s built production/warehouse facility in two sections with single storey office areas between the two bays and to the front elevation. The industrial unit is of reinforced concrete frame construction, with a double skin asbestos roof and concrete block and brick infill walls. Access to the warehouse which has a clear floor to eaves height of approximately 8.3 metres is via three steel roller shutters. The office section to the front extends from the main building and is of brick/block construction with a flat asphalt covered roof. Internally, the office specification is similar to Unit 1.
A small landscaped area is provided to the front of Unit 2 overlooking Lower Ballymount Road. The site includes delineated car parking spaces to the front and side of Unit 2.
Location
The subject property is located on the north side of Lower Ballymount Road, close to the intersection of Ballymount Road and the Walkinstown roundabout approximately 8.0km from the City Centre. The property is situated approximately 1.0km from the intersection with the M50 and approximately 2.0km from the Red Cow Roundabout offering excellent connectivity to the national arterial rod network and ease of access to Dublin City centre.
Ballymount provides a mix of industrial facilities including traditional warehousing developed in the 1970’s – 1980’s, modern high bay distribution facilities and high office content units. Other industrial estates in the area include Western Parkway, Turnpike Business Park, Crossbeg, M50 Business Park and Westgate Business Park. Significant occupiers in the area include Panda, The Educational Company of Ireland, Tile Style and Galco Steel.
There are a number of public bus routes to the City Centre via Lower Ballymount Road while the LUAS Red Line, which links Tallaght with the city centre, is located at the Red Cow interchange.
Schedule of Accommodation
Approximate floor are as follows on a Gross External Basis-
| Description | Sq m | Sq ft |
| Unit 1 | ||
| Ground floor office | 177.0 | 1,905 |
| First floor office | 177.0 | 1,905 |
| Warehouse | 5,133 | 55,253 |
| Total | 5,367 | 59,063 |
| First floor mezzanine | 41.7 | 449 |
| Description | Sq m | Sq ft |
| Unit 2 | ||
| Ground Floor Office/Store | 363.0 | 3,907 |
| 1st Floor Office/Store | 31.7 | 341 |
| Warehouse | 2,115.0 | 22,766 |
| Total | 2,509.7 | 27,014 |
Tenancy
Unit 1 is let to Smurfit Irish Papers Sacks Limited under a 25 X 5 year FRI upward only lease from August 2005 at a rent of €618,681 per annum. The lease is guaranteed by Smurfit Packaging Corporation Limited.
Unit 2 is currently vacant providing additional income potential.
Tenant Covenant
Smurfit Kappa Irish Paper Sacks Limited was set up on 27th November 2002. Smurfit Kappa is one of the leading producers of paper-based packaging in the world with around 41,000 employees across 32 countries and with sales revenue of €7.9 billion in 2013.
Vision-net credited report states that Smurfit Kappa Irish Paper Sacks Limited has a Low Trade Risk and a credit limit of €5,000,000 on the 29th February 2016. In the Manufacturing of Paperboards industry, the company is listed No.3 in the 20 companies.
Town Planning
The subject property is located in an area zoned EP2 – “To facilitate opportunities for manufacturing, Research and Development facilities, light industry and employment and enterprise related uses in industrial areas and business parks” in the South Dublin County Council Development Plan 2010-2016.
Title
Freehold/Long Leasehold Equivalent
Guide Price
Excess €6 million exclusive
BER
XXXXX
Viewings
Strictly by Appointment with Sole Agent
KF LOGO
Contact Details – Adrian/Ross