Business Irish

Wednesday 18 October 2017

Fairview premises offers 7.4pc long-term yield

An investment property in Fairview, Dublin 3, is for sale with a €550,000 asking price which equates to a net initial yield of 7.4pc.

The two-storey end-of-terrace commercial premises known as Strand House, is let to the HSE which is paying €42,500 a year in rent. Its floor area extends to 179.67sqm and provides spacious accommodation for use as a walk-in clinic and offices. The ground floor benefits from dual road frontage, facing on to both Fairview Strand and Phibsboro Avenue. Set in the centre of Fairview, Strand House is close to all essential amenities and public transport facilities.

The HSE has a 25-year lease with no break options until January 2025.

Ciara Horgan, of Knight Frank Ireland says: "There are very few secure long income investment opportunities at present and this sale will greatly appeal to private investors."

Indo Property

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