Unit 45 Parkwest Enterprise Centre, Park West Industrial Estate, Dublin 12, Dublin

Industrial Contract Deposit Applies
This auction has ended!
Bid Count:
34
   
Final Bid:
€176,500.00
  • Overview
  • Particulars
  • Agent Details
  • Deposit & Charges Explained

Property Overview

The Leinster Property Auction in partnership with Castle Estate Agents

Offered at bids over €130,000

Excellent Rental Income With Huge Potential To Grow

Secure Investment Opportunity; c. 171 Sq Mtr Modern Light Industrial Facility (Tenant not Affected)

Modern terrace light industrial facility comprising two storey light industrial unit. The building incorporates office accommodation on the second floor with laboratory & office space on ground floor.

Open plan office accommodation incorporating suspended ceilings with recessed lighting, plastered and painted walls, gas heating and carpet coverings and finished flooring throughout.

Investment Summary:
The passing rent is for ground floor is approx €8340 (€11,415 including rates)
The upstairs offices are currently vacant and can be let seperately to the ground floor.

The ground floor rent is subject annual review with no review taken place since 2011

Location:
The property is situated within Enterprise Centre at Park West Business Park, a modern high profile business park situated short distance from its junction with the Naas Road/Longmile Road and all strategic arterial routes which connects Clondalkin and its commercial surroundings to the west with the Naas Road

Features:
Modern Build
3 Phase Electric
Secure location
Easily Re-configurated
Roller Shutters
3 phase power
Firepanel
Gas heating
4 car spaces provided
Ladies and Gents Toilets on first floor and ground floor.

Easily managed property investment in the heart of the Park West Enterprise Centre
Generating a consistent rent since 2011 of approx €8340 from the ground floor rent only (suggested rent for first floor is €7000 per annum) With potential to grow same.

Ground floor let to ADL €8340 per annum with no rent review since 2011. ADL provide laboratory services to veterinary clinics.

Proposed Net initial yield of 11.5% This can easily be achieved through renting both downstairs and first floor at a guide of €15,000 per annum

BER DETAILS:
BER D2
BER no. 800680738

TO VIEW OR MAKE A BID: contact Castle Estate Agents on 01 4900700 or visit www.leinsterpropertyauction.ie

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.

VAT is applicable on the purchase price for this property.

Auctioneer's Comments

This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale, which is operated by The Leinster Property Auction powered by IAM Sold.

Building Energy Rating (BERs)

Building Energy Ratings (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

First Floor

Open Plan office:
7.71mtr x 6.19mtr

Boardroom:
4.26 mtr x 3.0 mtr

Office:
4.54 mtr x 2.86mtr

Kitchen:
4.76 mtr x 2.03 mtr

Ground Floor

Entrance Hall:
2.11mtr x 1.78mtr

Ground Floor:
11.45mtr x 7.71mtr

Ground Floor Office:
2.29mtr x 2.0mtr

Store room:
2.33mtr x 2,0mtr

Kitchen:
2.44mtr x 2.43mtr

Castle Estate Agents

Local Branch: The Ashleaf Business Hall, Dublin 12,
Head Office: The Ashleaf Business Hall, Whitehall Road West,

Deposit & Charges Explained

Online Auctions

A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.

The minimum deposit amount noted above is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to IAM Sold client account to authorise them to bid on the Online Auction (please note, this option may take several days).

The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.

Any balance of the full contract deposit must be paid by the successful bidder to IAM Sold within 48 hours of acceptance of their bid. The deposit balance can be paid by bank draft (made out to IAM Sold), same day bank transfer to IAM Sold client account or by debit card.

All unsuccessful bidders will have their pre-authorisations released immediately OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.

Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.

Public Auction Event

A 10% non refundable contract deposit (minimum deposit of €6,500.00) is payable immediately on the fall of the hammer for a successful bid. The deposit must be paid in cleared funds either by Bank Draft (made out to IAM Sold) or by Debit Card.

Need More Information?

For further information or to speak to one of our team, please call 01 687 5040.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

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