Monday 19 March 2018

€1.7m for fully let D4 Georgian building

Ronald Quinlan

Ronald Quinlan

Ollie Lyons of agents TWM is quoting in excess of €1.7m for 4 Upper Baggot Street, an attractive single-let investment in the heart of Dublin 4.

Permanent TSB occupy the building on a 35-year lease from April 1 1990, providing investors with an eight-year term certain. The investment has an open market rent review in April 2020 and a rent of €102,500 per annum, offering the buyer a net initial yield of 5.75pc (assuming standard purchaser costs of 4.46pc). Number 4 is an impressive Georgian building with excellent profile onto Upper Baggot Street. The three-storey-over-basement building is laid out for retail banking at ground floor, while the basement, first and second floors are in storage and office use.

Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business