PROPERTY OVERVIEW
McNally Handy & Partners are pleased to present this established fuel depot investment opportunity located within Kernanstown Industrial Estate, Carlow. The property comprises a secure, gated yard incorporating fuel storage and dispensing infrastructure together with a detached industrial building extending to approximately 270 sq. m (2,900 sq. ft). The building includes office accommodation of approximately 45 sq. m (487 sq. ft) supporting depot operations, together with a workshop/storage area with 5m eaves height and four roller shutter doors.
The site is surfaced in concrete and tarmac and is configured to accommodate fuel deliveries, tanker manoeuvring and operational vehicle circulation.
Three above-ground fuel storage tanks (3 54,000 litres)
Fuel dispensing area with canopy and associated operational infrastructure
Drainage infrastructure including slot drains, ACO drains below ground interceptors
Three-phase power
5 meter eaves and four roller shutter doors (6.0m x 4.77m)
Secure surfaced yard suitable for fuel deliveries and commercial vehicle circulation
Internally, the unit is split into two sections:
1) Office space consisting of two primary rooms to the front with plaster painted walls and ceilings, fluorescent tube lighting, electric storage heating and carpeted flooring extending to 47.25 sq. m (487 sq. ft) incorporating male and female bathrooms and a shower room.
2) The workshop area has smooth concrete flooring and benefits from four roller shutter doors (6.0m x 4.77m) and 5m eaves. The storage area has been subdivided and fireproofed for insurance purposes.
LOCATION
The property is located within Kernanstown Industrial Estate, approximately 2km north of Carlow Town Centre. The estate is a well-established commercial and industrial location accommodating a range of logistics, storage, and light industrial occupiers.
The area benefits from excellent transport connectivity, with convenient access to the N80 and the M9 motorway, providing direct links to (80km) Dublin, (37km) Kilkenny, and (75km) Waterford. Carlow Town serves as a key regional centre in the South-East, offering a wide range of commercial services, transport links, and amenities.
Carlow has a growing population, with Carlow Town now home to 27,351 residents (2022 Census), marking a 13% increase since the 2016 Census. The population of County Carlow stands at 61,938, reflecting a 9% growth over the same period.
TENANCY & INCOME
Let to Klass Energy Limited T/a Klass Oil on a 10 year FRI lease until 9th February 2035 current passing rent of 34,800 per annum. Incorporating a CPI linked Index rent review at the end of year 5
TITLE
We understand the property is held Freehold.
COMMERCIAL RATES (2026): 5,454 per annum
SERVICE CHARGE (2026): TBC
BUILDING INSURANCE (2026): 4,519 per annum
Offers in excess of 375,000.
Reflecting a Net Initial Yield (NIY) of approx. 8.44% assuming standard purchaser costs.
VIEWING
By appointment only through sole agents McNally Handy & Partners.
