A property which is currently under lease to local manufacturing plant Braun Oral B is up for sale.
The property, which is located in Newbridge Business Park, is for sale by Barge Property Ltd, which is a Quinn Group Company, as an investment with the current tenant in place.
The property is let to Braun Oral B Ireland Ltd, which is a Proctor & Gamble company, on a 20 year lease from June 2009 at a current rent of €255,588.75 per annum.
According to selling agent Evan Ryan of CBRE, the lease contains a tenant break option in 2016, which is subject to six months’ notice.
At the time of going to press, Oral B had failed to comment on their plans.
The company, which manufactures toothbrushes and dental floss and employs 350 people in Newbridge, branched out recently into the manufacturing of electric toothbrush refills.
The property comprises a detached high bay manufacturing facility extending to 6,747 sq m.
The building is of modern steel frame construction on a large site of approximately 6.5 acres, according to the selling agent.
“The agents are guiding a price of €1,800,000,” added Mr Ryan.
“A key selling point of this investment is the strong tenant Braun Oral-B Ireland and the building specification which includes a modern fit out and a sprinkler system.”