Warehousing stability

THERE are emerging signs of price stability in industrial rents and sale prices in Cork, says agent David McCarthy of Lisney, confirming details of two recent sales on behalf of receivers, and as the firm brings a further large Harbour Point unit to the open market.

The 100,000/€56 psf guide on a modern warehouse/commercial unit at 305 Harbour Point, Little Island, was exceeded after competitive bidding on the 1,770 sq ft unit, he says, and is now available to let with Lisney at about €12,000 pa.

Also sold (for under its asking price) was Unit 6 Westlink Park, in Wilton, a 1,375 sq ft end of terrace warehouse/commercial premises with office/service block. It made below its €85,000/(€63 psf) guide, likely to have been c €50 psf.