Hibernia Reit seeks €8.5m for Malahide Road industrial building

• Author: Ronald Quinlan
• Published date: 29 June 2022
• Publication title: Irish Times: Web Edition Articles (Dublin, Ireland)

Located on a site of 1.5 hectares (3.8 acres) at the entrance to Malahide Road Industrial Park, the subject property is being offered for sale with vacant possession by agent Savills at a guide price of €8.5 million

Previously occupied by Bunzl, the property extends to approximately 7,700sq m (82,882sq ft) including 1,150sq m (12,378sq ft) of office accommodation. The building property occupies a high-profile position fronting on to the Malahide Road roundabout and is situated within easy access of the M1/M50 junction, the Dublin Port Tunnel and Dublin Airport. The warehouse has a clear internal height ranging from 6m to 9m (19.6ft to 29.5ft) with an insulated metal-deck roof and has the benefit of six ground-level roller shutter doors.

The property is in an area zoned under objective Z6 "Employment/Enterprise" within the Dublin City Development Plan 2016-2022. This objective provides for "the creation and protection of enterprise and facilitates opportunities for employment creation". The property retains the same zoning under the draft Dublin City Development Plan 2022-2028, which is due to be adopted later this year. Permitted...