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Price looks right for Bettystown retail investment opportunity

Artis Real Estate is guiding €1,350,000 for the property

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Mr Price in Bettystown, Co Meath

Mr Price in Bettystown, Co Meath

Mr Price in Bettystown, Co Meath

A retail investment property with potential for a 6.74pc yield has come to the market in Bettystown, Co Meath.

Richard O’Neill of Artis Real Estate is guiding €1,350,000 for the property let to Mr Price on a 20-year FRI lease under an initial stepped rent that will rise to €100,000 per annum in September.

While the net initial yield is currently at 4.72pc, Mr O’Neill points out that this will rise in September to 6.74pc and provides opportunities to grow at further rent review, “given that September’s stepped rent still only reflects about €9.49 per sqft. We’ve noted recent regional discount retailer lettings in the region of €17 per sqft,” he adds.

Extending to 10,535 sqft, it is located on the ground floor of an apartment block.

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