- For sale
The property is located on approx. 4.9 acres and comprises a large detached light industrial building with two storey office accommodation to the front and a substantial warehouse to the rear where the brewery is located. The entire extends to approximately 61,000 sq ft. The industrial unit is well built, being of steel portal frame construction, with concrete block walls and profiled metal cladding under a twin skin metal deck roof.
Rye River Co. operate their state of the art brewery from the premises and occupy the ground floor offices and warehouse by way of a 8 year 3 months lease from October 2019, at a rent of €176,000 per annum. A rental uplift at year 6 has been agreed at €200,000 and the tenant has the benefit of a break option at the end of year 7, subject to 6 months prior written notice.
VWS (Ireland) t/a Veolia Water Technologies occupy the offices on the first floor and a small section of the warehouse by way of a 10 year lease from January 2018, at a rent of €84,000 per annum. The lease provides for 5 yearly rent reviews and the tenant has the benefit of a break option at the end of year 5 and 7, subject to 6 months prior written notice.