Friday 23 February 2018

Blackrock units for sale for €720k

Photo: Stock
Photo: Stock

Donal Buckley

CBRE has brought two properties to the market which would appeal to private investors and one of them could also suit an owner-occupier.

A mixed-use investment property, 21 Main Street, Blackrock, south Dublin, is for sale for €720,000.

It produces an annual rent roll of €64,000 from two tenants, which equates to a net initial yield of 8.51pc.

The basement and ground floor is let to Tagford Ltd, trading as Flexa, a Danish childcare furniture operator. The two upper floors, extending to 46 sq m (495 sq ft) and 43 sq m (470 sq ft) are let as offices to medical scanning company Ultrasound Dimensions Limited.

A vacant modern building at 84 Talbot Street, Dublin 1, is for sale with a €1.2m price tag.

Extending to 408 sq m (4,400 sq ft), the five-storey-over-basement building was previously in office use.

Simon Plunkett of agents CBRE says it also has planning permission for retail use at ground and basement levels and there is separate access from street level to the upper-floor office accommodation and this combination would afford "both owner occupier and investors a unique city centre asset management opportunity".

Talbot Street is a busy thoroughfare linking Henry St with key transport hubs at Connolly Station and Busaras.

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