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.