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Prospects for 9.45pc yield in mixed-use unit

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Three-storey unit: Orion House on Main Street in Rathfarnham

Three-storey unit: Orion House on Main Street in Rathfarnham

Three-storey unit: Orion House on Main Street in Rathfarnham

A mixed-use investment property in Rathfarnham Village, Dublin 14, is being offered for sale with a €750,000 guide price.

Known as Orion House and located at 53 Main Street, the mid-terrace, three-storey building comprises two retail units at ground floor level, together with office accommodation on each of the first and second floors.

The building extends to 2,350 sq ft and benefits from public car parking on Main Street.

Tenants in the building include NCBI together with several smaller professional service firms.

The total contracted rent amounts to about €53,000 with vacant possession of one of the ground floor retail units.

Brian Kelly of agents QRE estimates that this vacant unit could generate €25,000 in annual rent. It had planning permission for takeaway use although this has lapsed.

If fully let he estimates that the combined yield based on the selling price could be as much as 9.45pc.

"The property provides investors with ample opportunity to increase the rent roll and subsequently increase their return," he added.

Indo Business