Postal building to get stamp of buyer approval

THERE’S a good return to sender, or in this case to the eventual buyer, of 18a Woodbine Business Park, in New Ross, Co Wexford.

The almost 5,000 sq ft commercial building is let on a 21 FRI lease to An Post for use as a sorting office, from 2008, without any break clauses.

There’s a rent of €55,000 per annum on the commercial unit in the Co Wexford park, and selling agent is John Rohan of Sherry FitzGerald Rohan in Waterford, instructed by Michael Cotter of Ernst and Young. He seeks offers around €440,000, so there’s a good strong yield on hand for investors.

Located 500 metres from New Ross on the Wexford bypass, it’s a corner unit of 473 sq m, with loading bay, yard, good parking facilities, 24 hour access and security, and is said to be well-finished and in an area of mixed residential, industrial and commercial uses with a Tesco adjacent. Others operating within the business park are Cedarwood Homes, Kieltys Motorfactors, FDC Accountants, McManus Furniture and Crystal Fitness.

John Rohan said No 18a’s sale is a very attractive offer to investors, with a gild-edged sitting tenant. “Commercial property offers extraordinary value right now and we already have quite a number of enquiries. This is a most attractive option for the investor market, particularly with the calibre of this tenancy,” he adds.

* Details: Sherry FitzGerald John Rohan 051-843880