Unit 27 Cherry Orchard Industrial Estate, Dublin 10 is located adjacent the M50 Motorway, southwest of its interchange with the N4 (junction 7).

The entire is let to Venture Packaging Limited on a 30 year lease from October 1994. Rent review provisions are upwards only and there are over 9 years unexpired. The passing rent is €150,000 per annum. Venture Packaging Limited have recently been acquired by the Clondalkin Healthcare Group a leading investor in Pharmaceutical and Healthcare packaging.

The property comprises a large double bay, detached industrial/warehouse facility of approx. 20,800 sq ft. The property is of concrete portal frame construction incorporating concrete block infill walls with profiled metal cladding to the upper elevations.

Colliers International are seeking offers in the order of €1m which equates to a Net Initial Yield of 14.35% after allowing for purchasers costs at 4.46%, based on the current rent receivable.