Sunday 21 January 2018

Rathfarnham outlets could generate 9pc

A retail investment property in Rathfarham, Dublin 16 is for sale with a €400,000 price tag.

Located at 163 Ballyboden Road, the property consists of two adjoining retail units which currently generate a combined income of €38,092 per annum.

According to Evan Ryan of agents CB Richard Ellis the rent would provide an investor with an initial return of 9pc.

No. 163 is a single-storey building extending to 94sqm. Unit A is let to Serangton Ltd trading as Pizza Hut under the terms of a 35 year full repairing and insuring lease from January 1990. The current passing rent is €25,392 per annum.

Unit B is let to Sporting Cuts Barber Shop on a 35 year lease from 2001. Its current passing rent is €12,700 per annum.

Irish Independent

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