Thursday 24 August 2017

East Point units for €1.9m

The portfolio at Eastpoint Business Park.
The portfolio at Eastpoint Business Park.
Peter Flanagan

Peter Flanagan

A retail investment portfolio at Eastpoint Business Park has been made available to purchase through Knight Frank for close to €1.9m.

The portfolio (pictured) has a passing rent of €158,000 per annum from three retail properties including a crèche, sandwich bar and café/restaurant. Together the properties comprise an approximate total area of (9,532 sq ft).

Damien McCaffrey of Knight Frank is managing the sale, which offers a return for investors of just under 8pc.

Links Childcare occupy a self-contained purpose fitted two storey building of 700 sq m with 6 parking spaces under a long term lease paying a rent of €90,000 per annum.

Munchies Sandwich Bar trades under a long term lease with 11.5 years to expiry.

An international style café/restaurant trading as Urban Mess occupies the third property with seating for over 50 covers. Urban Mess and Munchies trade from adjoining single storey retail units at the dedicated recreational area within Eastpoint Business Park, together the food use tenants pay a passing rent of €68,000 per annum.

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