Lot 5794254, Unit R1, R2, R3, Sitecast Industrical Estate, Little Island, Co. Cork, T45YE36

Available From: Immediately BARRY AUCTIONEERS & VALUERS are delighted to offer this fantastic industrial investment opportunity. The premises extends to 16,685 sq.ft on a 0.93 acre site. The current rent role is €106,796, per annum and the tenants are in situ and not affected by the sale.

The property is let on two separate 10 year leases from Jan 2022 at a combined rent of €106,796. Sitetech who occupy 2 of the 3 units are paying €67,468 pa (63% of the overall portfolio rent) are owned by the Grafton Group. Foltech Ltd who are an Irish company occupy the 3rd unit are paying €39,328 pa.
Each unit has designated car parking to the front and external storage area to the rear.

The external elevations are a combination of double skin metal deck cladding and masonry block work with a plastered finish.
Each unit has a large roller shutter door to the front along with a roller door to the side.

There are offices located on the ground floor & 1st Floor of Unit1.
Unit 3 comprises a steel frame shed with concrete block walls covering the ground level side elevations and a single skin metal cladding covering the upper elevations.
The shed benefits from concrete flooring. Primarily used for storage.

The units are located in Sitecast Industrial estates. This has convenient access to the Cork/Waterford Road N25, Dublin Road M8, Jack Lynch Tunnel and South Ring Road.