High-profile retail investment on Grafton Street seeking €3m

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 34 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 98%

Jll Notícia

Grafton-Street,Investment,Dublin-2

No 6 comes for sale fully let at ground- and upper-floor levels to well-known newsagent, Bus Stop, and to tanning salon operator

Agent JLL is guiding a price of €3 million for No 6 Grafton Street, a high-profile retail investment on Dublin’s most sought-after shopping district.

The ground and basement levels are let to Greggs Ltd trading as Bus Stop Newsagents and the upper floors are fully let as a tanning salon and internet cafe to Reetont Limited. The two tenants are generating an annual rental income of €140,000, which offers the prospective purchaser strong reversionary potential. Bus Stop has been in occupation in the building since 1985, signing a new lease in 2020, with a break option in 2025.

Should a sale of the property proceed at the €3 million guide price, the new owner would stand to secure a reversionary yield of approximately 6.8 per cent following the execution of short-term asset management initiatives.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes