Knight Frank has recently completed the sale of an exceptional high bay logistics facility, the largest vacant industrial building in 2017, at Northwest Business Park, Ballycoolin, Dublin 15.
Unit 103 comprises a modern detached unit which extends to a total area of approx. 12,550 sq. m (135,000 sq. ft.) on a site of approx. 2.6 ha (6.45 acres). The building features 21 dock levellers, 3 standard grade doors and a clear internal eaves height of approx. 12.0 meters. In addition, there is a manned security entrance, staff and trailer parking and a yard depth of 60.0 metres.
The property is situated in the successful Northwest Business Park, which was originally developed by Park Developments in the late 90’s. Northwest Business Park is a substantial park located approx. 4.0 kms from the M50 Motorway via Junction 6 Blanchardstown/N3 whilst alternate access is afforded via Exit 2 on the M2 Motorway. The park benefits from excellent accessibility to Dublin Airport and the Dublin Port Tunnel.
The property has been purchased by IPUT who is the largest unlisted property vehicle in Ireland with over €2.3 billion worth of assets currently under management. IPUT’s portfolio is focused on the prime end of Dublin’s office, retail and logistic markets, particularly Dublin’s Central Business District.
The property was sold for in excess of €12,200,000.
