Naas, Co. Kildare
Savills and DTZ are delighted to present the Tougher Business Park Portfolio, offering investors and developers the opportunity to acquire a high yielding industrial business park, along with an extensive land bank. The business park benefits from a broad range of tenants across a total of 70 assets with significant potential to increase the current rent roll through future lettings. The sale also offers excellent opportunities for development and re-zoning in future development plans.
The Tougher Business Park portfolio represents a rare opportunity to acquire a large industrial portfolio in a single lot together with an extensive land bank of industrial land as well as unzoned land and forestry. The park provides a range of unit sizes from 200 sq.m. up to 18,000 sq.m. as well as zoned sites from 0.4 hectares, offering occupiers the ability to expand and grow within the park. Specifications vary across the units however a typical specification includes buildings of steel frame construction with a twin skin metal deck roof and metal cladding to the external elevations. Many of the units benefit from excellent loading and unloading facilities with ample turning circles throughout the scheme. The Park is generating an annual rent of approximately €1.8 million however with active asset management and letting of the available units there is significant scope to increase rental returns.
Tougher Business Park is situated in Ireland’s premier distribution location just off junction 10 on the N7, approx. 30 kms south west of the M50 motorway (junction 9) which provides rapid motorway access to all of the main arterial routes leading to Dublin, Dublin Airport and to the Dublin Port Tunnel.
The towns of Newbridge and Naas are within easy access of Tougher Business Park and local amenities in the area include the Whitewater Shopping Centre, Palmerstown PGA Golfcourse, the K-Club, Kildare Village Outlet and Mondello Park. The location has been chosen by Pennys, DSV, Lidl and Aldi for their national distribution centres, underpinning the prime location of Tougher Business Park as a national logistics centre.
For sale in one or more lots
|Assets in Tougher Business Park|
|70 assets||70 individual assets with a total gross external floor area of approx. 70,918 sq. m.|
|€1.8 million||Currently producing a gross rent of approx. €1.8 million per annum|
|Increased Income||Potential to increase rental income from vacant properties|
|Tenant Mix||Tenants include DSV Solutions, Domino’s Pizza, Kelleher Electric, Lidl Ireland, NCT Centre amongst others.|
|45+ hectare||Extensive land bank comprising approx. 11.2 ha (27.26 ac) of industrial zoned land, approx. 24.06 ha (59.45 ac) of unzoned land and approx. 10.53 ha (26 ac) of forestry|
|Opportunities||Excellent asset management and long term development opportunities|
|Occupancy||Tenants not affected|
|“Smiths” Lands & Dwelling|
|Approx. 19.7 ha (48 ac) of superb farmland adjoining Lot 1 with attractive 5 bed house and associated out buildings|