Unit 9 & 10 Mullaghboy Industrial Estate, Navan, Co Meath

For Sale: € 1 100 000 (Industrial)

1750 sq.m

Property Description

- Excellent investment opportunity
- High quality industrial unit on large site
- Approximately 1,750 square metres (GIA)
- 20 year term with strong covenant
- Tenant not affected

Unit 9 & 10 Mullaghboy Industrial estate is a high quality industrial unit extending to approximately
1,750 square metres on a site of 0.48 hectares. It is a steel portal frame construction with concrete
floors, block walls to 2 metres and aluminum cladding on the remaining walls and roof.

The property has recently refurbished offices which include reception, meeting rooms, open plan offices with glazed walls over looking the production area. The production floor has two electric roller doors and ancillary workrooms and mezzanine storage.

Mains services are connected to the property including gas which serves the office heating. There are 3 out buildings and extensive car parking.

 

Lease

The property is let to Paradigm Plastics on a 20 year term commencing on the 1st of January 2019. The passing rent is €100,000 per annum + VAT. Rent reviews to open market levels are at the end of years 5, 10 and 15. There are tenant break options at the end of years 5, 10 and 15.

 

Location

Navan is the county town of County Meath. It is a large commuter town of Dublin and has a population in the region of 31,689 people (CSO,2016), making it the fifth largest town after Drogheda, Dundalk, Swords and Bray in Ireland. Navan is located 50km north-west of Dublin city centre and is easily accessed via Junctions 8 & 9 of the M3 Motorway.

Navan is serviced by various retail schemes including Navan Shopping Centre which hosts Tesco & Dunnes Stores, Blackwater Retail Park which hosts Woodies DIY, Navan Retail Park which hosts Homebase and Johnstown Shopping Centre which hosts Super Valu. In addition to this, Navan town also comprises a variety of international and local traders which include; Argos, McDonalds, Eddie Rockets, Ulster Bank, Bank of Ireland and Boyle Sports.

Given Navan’s close proximity to Dublin and good motorway access, the town is home to a variety of
larger employers including Meath County Council, Lir Chocolates, Generali Pan Europe, eComm Merchant Solutions and Welch Allyn (US medical devices), Enable Ireland, Celtic Press, Irish Water, The Rehab Group, Glanbia and Irish Country Meats. Some of these businesses are located in the industrial estate which is located west of Navan Town approximately 3km from the M3.

Public transport in Navan is served by a number of Bus Eireann routes, the principal service being the NX and the 109 (Dublin-Navan-Cavan) with other services including the 109A (Navan-Dublin Airport-DCU), 70 (Navan to Athlone/Galway and the 188 (Drogheda-Navan-Trim. Bus Eireann also runs three services from the town centre to a number of the suburbs.

BER Rating

BER Number: 800192791

Property Location

Address: Unit 9 & 10 Mullaghboy Industrial Estate

Area: Navan County: Co. Meath

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