Building 1 at the at the Finnabair Business and Technology Park
One of Dundalk’s prime office investments is close to being sold after going sale agreed recently with local auctioneers REA Gunne Property.
Building 1 at Finnabair Business and Technology Park on the Inner Relief Road went on the market at the end of last year for an undisclosed sum.
Extending to approximately 31,120sq ft and with 77 car spaces, the building is currently let to the Sustainable Energy Authority of Ireland, Vesta, Teva Pharmaceuticals and Seachange, producing a rental income of €360,753 per annum.
According to the estate agents, it is a high yielding investment opportunity, reflecting a net initial yield of 12.56%.
None of the tenants would be affected by the potential sale.
