LOGISTICS PORTFOLIO WILLSBOROUGH
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DUBLIN LOGISTICS PORTFOLIO WILLSBOROUGH INDUSTRIAL ESTATE DUBLIN 17 For Sale By Private Treaty
INVESTMENT
SUMMARY
Four high quality, modern industrial units • Fully let to a strong tenant line-up;
Three Ireland Services (Hutchison)
extending to approximately 4,300 sq m Ltd, Virgin Media Ireland Ltd
(46,285 sq ft) with 68 car parking spaces and Kedington Ltd
• Passing rent of €402,552 per annum
with a Weighted Average Unexpired
Lease Term (WAULT) of 4.4 years
• Excellent location adjacent to the
M50 / M1 interchange, under 3.5km
from the Port Tunnel and 6.5km from
Dublin Airport
• Willsborough is a well-established,
actively managed and secure industrial
estate. Notable nearby occupiers include
BT Ireland, Vodafone, and Amazon
• Available in one or more lots
Lot 1 Corner Unit East & West
(Let to Kedington and Virgin)
Lot 2 East & West Units
(Let to Three)
Lot 3 The Entire
LOCATION
Willsborough Industrial Estate is an M50
established industrial development AIRWAYS INDUSTRIAL ESTATE
M50/M1
approximately 8.5km north of INTERCHANGE
Dublin City Centre and adjacent M1
to the M50 / M1 interchange.
The property benefits from excellent accessibility to major
arterial routes and occupies a pivotal position between Dublin M1 AMAZON DATA CENTRE
Airport and Dublin City Centre. The Estate is accessed via the
R104, just off the M50.
Willsborough Industrial Estate, together with Clonshaugh
IDA Park, form an industrial hub with over 215 acres DLP
of industrial-zoned land between the two parks.
Drive Times
CLONSHAUGH BUSINESS
& TECHNOLOGY PARK
DUBLIN PORT M50 MOTORWAY
TUNNEL JUNCTION 1 (M1)
» 5 minutes » 6 minutes
Neighbouring Occupiers:
DUBLIN CITY
AIRPORT CENTRE
» 10 minutes » 18 minutes
4 DUBLIN LOGISTICS PORTFOLIO
THE OPPORTUNITY
Dublin Logistics Portfolio comprises four semi-detached industrial Specification
units extending to 4,300 sq m (46,285 sq ft). The buildings occupy
a corner site at the entrance to Willsborough Industrial Estate
providing for easy access and impressive profile.
STEEL PORTAL FRAME DOUBLE SKIN INSULATED REINFORCED
CONSTRUCTION ROOF SYSTEM CONCRETE FLOORS
10% translucent roof panels 50kN Loading Capacity
FRAME CLAD APPROX. 6.5 METRES GRADE LEVEL
WITH PROFILED 2 LAYER EAVES HEIGHT LOADING DOOR
METAL CLADDING access for each unit
with quilt insulation
MODERN OFFICES SECURE 24 HOUR SECURITY
The properties comprise ground and first floor Grade level loading access is located to the rear. AND STAFF FACILITIES YARD AREAS TO ESTATE
office accommodation to the front elevation with
Three of the units are currently in office/datacentre
warehouse accommodation to the rear. All four
use while the remaining unit, Corner Unit East, is in
properties have generous yard space, providing
office/warehouse use.
approximately 68 car spaces.
6 DUBLIN LOGISTICS PORTFOLIOTENANCY Unit Tenant Total
Sq Ft
Term
(Years)
Lease
Start
Rent
Review
Lease
Expiry
Unexpired
Term
Rent %
of Total
Rent
The units are individually let to Three Ireland Services (Hutchison) Corner Unit Kedington 11,981 10 18/11/2015 18/11/2020 17/11/2025 7.2 €77,500 19%
East Ltd
Ltd, Virgin Media Ireland Ltd and Kedington Ltd, producing a total
rent of €402,552 per annum with a WAULT of 4.4 years. Corner Unit Virgin Media 12,187 25 09/07/1999 09/07/2019 08/07/2024 5.9 €80,000 20%
West Ireland Ltd
East Unit Three Ireland 11,030 25 01/10/1996 N/A 30/09/2021 3.1 €121,454 30%
Services
Three Ireland Services (Hutchison) Ltd
(Hutchison) Ltd
Three is 100% owned West Unit Three Ireland 11,087 25 01/10/1996 N/A 30/09/2021 3.1 €123,598 31%
Services
by CK Hutchison Holdings
(Hutchison) Ltd
(CK Hutchison), a multinational
conglomerate that employs
Total 46,285 4.4 €402,552 100%
approximately 270,000 people
in over 50 countries worldwide.
Creditsafe rating of 98.
Virgin Media RAMP
Ireland Ltd
Virgin Media is a subsidiary
of Liberty Global’s
telecommunications operation
in Ireland and is the largest digital
cable television provider within the
Republic of Ireland. The company
offers broadband internet, digital
television and digital (VoIP)
telephony to over 1.2 million Irish
customers. Creditsafe rating of 94.
Kedington Ltd
Kedington is one of the largest IT
network infrastructure solutions
companies in Ireland and provides
active and passive IT network
solutions, structured cabling and
data centre engineering services
to organisations of all sizes in
the public and private sector.
Creditsafe rating of 90.
Not to scale / for information purposes only
8 DUBLIN LOGISTICS PORTFOLIOECONOMIC OVERVIEW
On the back of sustained improvements in the labour More recently, Dublin Port saw Cargo volumes grow
market, the strong performing consumer economy by 5.2% year on year in the first half of 2018. Analysing
continues to drive the circulation of goods throughout the number of goods passing through Dublin Port
the country. Data from the Road Freight Transport and the volume of goods being transported around
Survey show that in 2017 over 147 million tonnes of the country can serve as a strong leading indicator of
goods were transported by road. This is an increase demand for logistics space in Dublin. As more goods
of almost 4% from 2016. Furthermore, the average are being transported throughout Ireland, we expect
number of goods vehicles increased by 10%. demand to remain strong for logistics space.
Logistics Take-Up Contacts and Further Information
160,000
Savills
140,000
33 Molesworth Street
120,000 Dublin 2
100,000
SQ M
PSRA No 002233
80,000
60,000 Fergus O’Farrell Shane Corby John Earley
40,000 T: +353 1 618 1311 T: +353 1 618 1450 T: +353 1 618 1766
E: fergus.ofarrell@savills.ie E: shane.corby@savills.ie E: john.earley@savills.ie
20,000
0
Q3 2013
Q4 2013
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
VAT Title BER
We understand transfer Long Leasehold Ber No’s available upon request
of business relief will apply to the sale
Source: Savills Research Key: Long-Run Avg Q1 Q2 Q3 Q4
Viewings Website Guide Price
All viewings are strictly dublinlogisticsportfolio.com In excess of €5.7m
Market Trends Outlook by appointment Available in one or more lots
Take-up of logistics space in Dublin for Q2 2018 Prospects for the Irish economy remain favourable and
was 53,000 sq m. Despite sustained strong levels the sustained recovery in employment will continue
of demand from both occupiers and investors, low to underpin the domestic economy. The current
vacancy rates continue to constrain take-up in the consensus is for GDP growth of 4.9% in 2018 and 3.9%
market. One fifth of Q2 take-up was accounted for in 2019 with jobs growth of around 53,000 and 46,000
by new builds and this is expected to increase with this year and next. As such, demand for industrial
37,000 sq m of speculative space either completed property is set to remain strong.
or due for completion before year end. Lettings
accounted for 60% of Q2 transactions with the
largest transaction being the letting of a 9,423 sq m Important Notice
facility at Citywest Business Campus. Savills Commercial (Ireland) Limited and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any
offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation,
access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and
measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on
particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills
Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills
Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/Lessees or any third party arising from the
particulars or information contained in this brochure. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property
are conducted through it.
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