Thursday 29 September 2016

Investment with 6pc yield on George's St

Published 17/05/2015 | 02:30

TWM is guiding €575,000 for this property on South Great George's Street in Dublin
TWM is guiding €575,000 for this property on South Great George's Street in Dublin

TWM have been retained as agents for what it is calling an "affordable high profile commercial investment in Dublin city centre".

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The property at 58 South Great Georges Street is on the market for €575,000.

The immediate area is home to The South City Market / Georges Street Arcade, The Westbury Mall and The Powerscourt Centre as well as the prime retail area around Grafton Street.

The three storey property, which adjoins Dunnes Stores, extends to approximately 216 sq m and comprises retail at ground floor and basement levels with offices and showrooms overhead. There is also stores to the rear. The building produces an income of €41,000 from four tenants.

Ollie Lyons of TWM is acting as agent for the property, which will provide an investor initial return of 6.82pc at the current asking price.

Sunday Indo Business

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