€4.75 Million Guide Price for Significant Industrial Land Bank in Dublin

The most significant industrial land bank in Dublin’s prime industrial area on the N7 is for sale. Joint agents, CBRE and Savills are handling the sale.

A total of approx. 14.77 hectares (36.49 acres) at Baldonnell Business Park, Baldonnell, Dublin 22 are available in one or more lots, with Lot 4 comprising of the entire.

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Lot 1 comprises the largest land bank totaling approx. 12.69 hectares (31.33 acres) and situated on the southern boundary of Baldonnell Aerodrome.  Lot 2 comprises approx. 0.93 hectares (2.31 acres) while Lot 3 comprises approx. 1.15 hectares (2.85 acres) with a high profile frontage onto the N7.  The guide prices for Lots 1, 2 and 3 are 3.5 million, €500,000 and 1 million respectively.  The guide price for the entire in one lot (Lot 4 ) is €4.75 million.

Baldonnell Business Park was initially developed by SIAC in the late 1990’s and has grown to be a popular and vibrant business park incorporating corporate HQ facilities such as MJ Flood, logistics buildings, motor distribution facilities such as Seat and Saab, together with smaller business and enterprise units.

The business park is strategically located with high profile frontage onto the N7 Naas Road, the main arterial route linking Dublin with the key provincial cities of Cork, Limerick and Waterford.  The location is just approx. 1.9 km west of the Outer Ring Road and just 6.5 km west of the M50/N7 junction and has the benefit of direct access onto the N7.

SIAC successfully came out of examinership in late February 2014.  As part of the scheme of arrangements SIAC Holdings was split into two; a property company and a construction company. The debt was transferred to the property company, allowing the restructured construction company to continue to trade. The debtors took control of the property company and hence the sale of the prised assets at Baldonnell Business Park. 

According to Garrett McClean and Gavin Butler of the joint agents, “The properties for sale at Baldonnell Business Park will be of interest to developers seeking to gain a foothold in the industrial land market along the N7 of which there are limited opportunities.  The smaller site fronting the Naas Road will be of interest to owner occupiers seeking a rare opportunity to acquire land with unrivalled frontage onto Dublin’s busiest arterial route.  With over 70,000 vehicles passing Baldonnell Business Park on a daily basis, the location is ideal for occupiers, developersand investors seeking to take advantage of current values whilst securing prime industrial stock where there is limited supply of same”.