Charlemont Street coffee shop unit on offer for €150k
A central Dublin retail investment property is being offered for sale with a prospective dividend yield of 11.6pc.
Located at 67 Charlemont Street, Dublin 2, the property is currently in use as a coffee shop, which is generating a rent of €17,500 a year.
The agents Colliers International are seeking offers in the region of €150,000.
Occupying a high-profile position between Harcourt Road and Ranelagh Road, its accommodation is arranged to provide 67sqm on the ground floor with an additional 83sqm at basement level.
The tenant's lease extends for a term of four years and nine months from August 27, 2011, and the tenant has the option to break the lease at the end of year two.
John Shannon of Colliers International is acting for receiver Simon Coyle of Mazars.