Three fully occupied modern commercial buildings in a park on the outskirts of Waterford city go on sale from today at €2.25 million through Savills and REA McCormack Corish.
The investments are located in Lacken Road Business Park close to the Waterford outer ring road.
The three buildings produce a combined rental income of €331,000. The highest rent of €125,965 is paid by Harvey Norman, which operates a distribution centre.
Tenants
Nearby Waterford/Wexford Training & Education Board pays €51,000 for its training centre while Irish Pride Bakers contributes €40,000 for its distribution facilities. Another of the main tenants, the Brothers of Charity, pays €65,000 for a good-sized building.
Stephen McCarthy of Savills said the sale offered a great opportunity for a hands-on investor to capitalise on a high yielding, well-located regional investment.
