Unit 1-3 IDA Industrial Estate, Gorey

TRANSACTION HIGHLIGHTS

Sold Q4 2023

Strong logistics location providing easy access to the M11 servicing the east coast, Dublin & Rosslare Harbour.
The asset comprises of three industrial units with ancillary offices, interlinked by a corridor section.
The property extends to a combined area of approximately 107,018 sq.ft (9,942 sq.m) GEA (interested parties are recommended to satisfy themselves) and sits on a site of approximately 6.17 acres (2.49 hectares)
The three units are let on two 25 year FRI leases which commenced in 2000 & 2001 respectively.
The property is let to Signode a leading manufacturer of a broad spectrum of transit packaging consumables, tools, software, and equipment that optimize end-of-line packaging operations and protect products in transit.
Upcoming lease regear opportunity to extend the lease length on attractive terms.
Excellent asset management opportunity as the rent receivable is currently at €548,308 p.a (€5.12 psf)
BER:C1