D11 retail units offer 7.6pc yield
Greg Kaveh of CBRE is quoting a price in the region of €930,000 for a suburban retail investment on Mellowes Road in Finglas, Dublin 11.
Located on the corner of North Road and Seamus Ennis Road, the property comprises a two-storey detached building extending to 392 sq m (4,215 sq ft). The property is fully occupied by two tenants on long leases and currently produces a rent roll of €77,400 per annum. The leases provide the prospective investor with an attractive WAULT (weighted average unexpired lease term) of 13 years.
Greg Kaveh says: "With a long WAULT and initial yield of 7.6pc, this asset will provide an investor with a very attractive return."