News Article

10/19/2006 - INVESTMENT SOLD AT BALDONNELL BUSINESS PARK
An investment producing €115,000 p.a. (exclusive) has just been sold at Baldonnell Business Park, Naas Road, Dublin 22.

The property is a modern detached office and warehouse facility extending to 1,024 sq. m. It was recently let in May 2006 to Parker Sales (Irl.) Ltd. by William Harvey & Co. for 4 years 9 months. The deal represents a net yield of 4.6%.

Fergal Burke of GVA Donal O Buachalla, who acquired the investment on behalf of a private investor comments "we progressed matters quickly with the vendors agent in order to secure this quality modern property".

Philip Harvey of selling agent William Harvey & Co. adds "prime industrial yields are presently at an all time low. This reflects the weight of money trying to buy good investment property. Baldonnell Business Park is a prime managed estate with excellent accessibility and capital values have been steadily rising over the past 18 months".