Galway industrial investment offers buyer 6.3% yield
The sale of a manufacturing and warehouse facility at Parkmore West Business Park in Galway offers investors the opportunity to secure a net initial yield of 6.3 per cent.
Building 1 briefly comprises a modern manufacturing and warehouse unit with a total gross external area of 5,751 sq m . Loading access is provided by one dock leveller and one grade-level door. There are 70 car-parking spaces located to the side of the building, which sits on a 0.91-hectare site. Patricia Staunton and James Loughnane of Cushman & Wakefield say: “The core aspects of this investment are robust. Celestica are long-time occupiers of this property and are committed to this building to July 2030. At a capital value of €121 per sq ft, the asking price is significantly below replacement cost, making this investment a very attractive proposition.
Galway Industrial Investment Celestica
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