Business Commercial Property

Monday 24 October 2016

Cafe investment property for sale

Published 29/10/2015 | 02:30

Lambert Smith Hampton is seeking a buyer for an investment property housing a restaurant at 17a, The Crescent, in Monkstown, Co Dublin.

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The property is on the market for €900,000, which equates to a net initial yield of 7pc.

The building comprises a former mews building which has been extended at the front and rear and now comprises a ground floor 129 sq m and a first floor of 31 sq m.

Established occupiers on the parade include Searsons Wine Merchants, Seagreen, Seapoint, the Blue door and Cinnamon.

The property is being sold on behalf of a private investor. The current tenants have been in situ since 2011 under a ten year lease at a reserved rent is €65,000 per annum. The next review is in June 2017.

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