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€625,000 Sale Agreed
700 sqm
Unit 18B, Eastpark
Smithstown Business Park
Shannon
Co Clare
V14 W443
Description
A 700 msq (7,535 sqft) modern industrial unit for sale with a passing rent of €48,000 pa with ten years remaining on the twenty year FRI lease. This very attractive investment property is let to An Post (tenant not affected) and it is located close to many large multinational companies. The property has mains gas central heating and a loading bay and it is in excellent condition. Shannon has a booming economy underpinned by a large industrial base that includes manufacturing, IT, aeronautical, medical and many more.
INVESTMEMT SUMMARY
* TENANT NOT AFFECTED
* CONSTRUCTED 2000
* PRIME INDUSTRIAL LOCATION
* 700 MSQ (7,535 SQFT)
* TENANT - An POST
* RENT €48,000 p.a.
* FRI
* LEASE EXPIRY JULY 2033
* NIY 7.2%
* CAPITAL VALUE €83 psf
Rooms
Office 1 5.8m x 3.8m
Canteen 5.0m x 3.9m
Mens Toilets 2.7m x 2.0m
Disabled Toilets 2.7m x 1.6m
Ladies Toilets 2.7m x 1.7m
Warehouse Area
BER Information
BER Number: 800468290
Energy Performance Indicator: 265.19
About the Area
Shannon was originally built to house workers in the new airport of Shannon and the Shannon Industrial Zone; Ireland's first international industrial park. Today Shannon is a thriving and fast-growing town, the second biggest in Clare and a major employer. Over 10,500 people are employed in Shannon Town, Shannon Airport and the Industrial Zones. The Shannon Free Zone, as it's now known, is a major centre for international investment in Ireland and many North American companies have based their European operations here. The town is close to Limerick, the river Shannon and Lough Derg as well as the Burren region.
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