Sold POA - Commercial, Industrial, Property for Sale
FOR SALE BY TENDER:
UNIT 2, CLONMINAM BUSINESS PARK, PORTLAOISE, R32 P380,
On behalf of Bellport Limited, the owner, we are instructed to offer this property, comprising Industrial Warehouse Buildings & Yard FOR SALE BY TENDER.
On behalf of the receiver, George Maloney / Tom Robinson of RSM, we are instructed to offer the Assets of the tenant, Cynar Recycling Ltd (In Liquidation) FOR SALE BY TENDER.
The Assets of the former tenant Cynar Recycling Ltd (In Liquidation) are comprised solely of the CONTENTS which are the Industrial Technical Plant and Assorted Contents, all within the unit.
Tenders are invited with proposals for purchase of ONE OR MORE LOTS, OR THE ENTIRE as follows:-
A. The entire property including the plant and miscellaneous contents;
B. The Warehouses & Yards on the folio;
C. The Technical Plant only which also includes loose standing machinery;
D. The Miscellaneous Content which includes Office Furniture, Plastic Raw Material, Workshop Tools & Materials.
Full information is available from the agent upon application.
All enquiries through agent only and viewings are by appointment.
TENDER DEADLINE IS 5.00 pm, DECEMBER 18th DECEMBER 2017
THE PROPERTY & YARDS:
The subject property comprises a semi-detached industrial unit which is situated on a regular site extending to approximately 0.80 ha (1.97 acres) and contained in folio LS3081L. This property title is long leasehold (500 years/Laois County Council).
The building extends to approximately 3,744 sq m | 40,302 sqft and is laid out to comprise two full height interconnected warehouses, offices to the front which also includes two separate staff facilities within the building and parking facilities.
This industrial unit is a steel frame construction with metal deck exterior cladding under a pitched roof containing translucent roof lights. The building has an eaves height of 9.91m and clear Internal height of 7.54m.
It is accessed via two dock level and three grade level loading doors.
The office areas are fitted to a good standard with carpet floors throughout, perimeter trunking, plastered and painted walls and suspended ceilings.
Externally, the unit benefits from staff & customer parking to the front with vehicle storage and circulation to the side. The entire property is bounded with palisade fencing.
Additional security is provided by a series of secured gates through the yards from the entrance, locked and or operated by fob and pin pad.
THE TECHNICAL PLANT:
The core of the Technical Plant occupies a floor area of 309 sqm and has been incorporated into the building with the roof of the building heightened to accommodate the plant. The eaves height at this space is 12.75 meters and was extended without planning permission.
The plant and technology is aimed to produce ‘On-Spec’ fuel and therefore the plant is not considered a waste facility. It is understood that the plant is recognised as a recovery facility and will sit under the permit regulations rather than the EPA IPPC rules. Therefore the plant will not fall under the EU Waste Incineration Directive compliance requirements. The plant at Portlaoise is permitted under the Departments Recovery regulations and administered through the local authority. The current permit attaching to the plant and premises is 5 years with an expiry in 2019.
The plant at Portlaoise was originally installed in the premises in 2006. From Company records it is understood that the cost of the plant that was initially installed was circa €3m ($5mAus$) and a further €1.5m worth of equipment was added.
The Cynar system consists of a stock infeed system, pyrolysis chambers, contactors, distillation, centrifuge, oil recovery line, off-gas cleaning and residual contamination removal.
In use, waste plastics are loaded via a hot-melt infeed system directly into a main pyrolysis chamber. Agitation commences to even the temperature and homogenise the feedstocks.
The feedstock storage and preparation area is physically segregated from the part of the plant involved in the pyrolysis process. The control room sits between the two main areas that house the plant.
The Cynar Facility is the only one of its kind in Ireland converting waste plastics to usable products.
The subject property is located on the southern side of the town centre of Portlaoise on the western side of the Old Knockmay Road approximately 2km south of Portlaoise town centre and 3km North West of the junction 17 on the M7 motorway.
Portlaoise, Co. Laois is situated approximately 80km south west of Dublin, 112km north east of Limerick and 172km north east of Cork and is the administrative and commercial centre in Co. Laois.
The town has a railway station served by intercity trains between Dublin, Cork, Limerick and provides commuter services to Dublin. The town is a popular commuter town to Dublin due to its accessibility via the M7, train service and proximity to the M50.
Portlaoise provides any business with an unrivalled strategic location in the centre of Ireland. This location benefits from close proximity to a variety of transport nodes such as nearby access to the M7 motorway serving Dublin, Limerick & Cork. The business park is also conveniently situated on the Portlaoise orbital route bypassing the Town to Tullamore and the western Dublin – Galway motorway corridor.
Currently, demand for this location is quite good and the mix of tenants is strong throughout.
The immediate surrounding area is a large business and industrial park with businesses such as Laois Hire, Aggreko, Midland Container Depot, Swayne Supplies and Stone, Emo Oil and JP Transpeed located within the Estate.
CLOSE TO M7 CORK/DUBLIN JUNCTION
The buildings are modern steel portal frame construction with double skin metal deck roof, similar side cladding with block and external forticrete block base walls of approximately 3 metres.
The floors are all high specification reinforced concrete. The building consists of two adjoining A-Roof Portal Frames so there are steel pillars in the centre of the warehouse.
2.1 Roof & Sides.
The entire roof consists of Kingspan KS1000 Roof Panels and 60 translucent roof light
panels. The external side cladding is also of similar Kingspan standard down to wall
level. The external walls are double leaf concrete block and Forticrete Block finish to the
There are four electrically operated automatic insulated sectional doors on the
Building, 4.5 metres wide by 4.8 metres high. There are pedestrian access doors into the
office areas and pedestrian fire doors throughout.
The walls forming the party walls between the neighbouring unit and the Cynar Unit are precast concrete panels.
The guttering, downpipes and storm drainage are all working well and there are no
leaks or water ponding on the external yards.
• Car parking spaces, generous visitor parking and extensive yard space.
• Internal yard security gate and fob operated electric access gate
• CAT 5 cabling.
• Hi Eaves roller doors x6 @ 2.90m to 5.0m height.
• Maintenance free external finish.
• Mains Services provided.
• Fire alarm system.
• Security Alarm system fitted
• Quick exit to M7 Motorway junction 17 at Dublin/Cork exit.
• Maintenance & Repair Workshop
• Front offices, reception and meeting room.
• Ladies/gents toilet facilities
• Staff canteen facilities
• Data, Electric & Phone points.
• Comms & file room.
• Suspended ceilings with integrated lighting
• Electric storage heating provided.
TECHNICAL PLANT & CONTENTS
The plant converts waste plastics into fuel with the capacity to process 7 tonnes of waste plastic a day producing fuel product output consisting of ‘On-Spec’ European diesel and kerosene products.
Other alternative technology applications for this plant involve:-
Alternative energy sources
Waste Management solutions
Cost efficient method of obtaining fuel
Offer price must be clearly stated for each lot whether offering to purchase the entire lots or individual lots.
There are two separate vendors and accordingly separate contracts.
All prices indicated are excluding V.A.T. which may be applicable to the transaction.
All prices outlined are Without Prejudice/Subject to Contract/Contract Denied.
Offers considered on an in-situ and ex-situ basis. The property is for sale with vacant possession.
The offer should include proof of funding and whether the offer is for the Buildings or the Plant on an in-situ or ex-situ basis. If the offer is on an in-situ basis the offer should state separately the price offered for the plant.
Please note that in the event of an ex-situ sale the cost of overseeing the orderly decommissioning, removal, relocation and installation will be a cost for the purchaser and will be a requirement set by both vendors, in particular the property owner.
For more details of the sale process, contact the agent.
No Indemnification / Warranties
Other than title, neither of the Agent, Bellport Ltd, Cynar ltd (In Liquidation), the Liquidator, Bank of Ireland or any associated party will be providing any warranty or indemnity on any building or plant matter at the site whenever determined.
Bidders are advised to undertake their own due diligence on the Plant, Buildings and environmental conditions.
VIEWING – Strictly by appointment with agent.
CONTACT: ANDREW CREMIN 087| 6787202
While every care is taken in preparing these particulars, the firm do not hold themselves responsible for any inaccuracy in the particulars & terms of the property referred to. These details are given in good faith and we believe them to be correct, but any intending vendor, purchaser or tenant/lessee should not rely on them solely as a statement of fact and must satisfy themselves as to the correctness of each of them.
In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. No person in RBL Estates has any authority to make any representation or warranty in respect of this property.
While every care is taken in preparing these particulars, the firm do not hold themselves responsible for any inaccuracy in the particulars & terms of the property referred to. These details are given in good faith and we believe them to be correct, but any intending vendor, purchaser or tenant/lessee should not rely on them solely as a statement of fact and must satisfy themselves as to the correctness of each of them. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. No person in RBL Estates has any authority to make any representation or warranty in respect of this property. VIEWING - Strictly by appointment with agent