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IFSC retail investment on the market for €2.5m

Written by Robert McHugh, on 1st May 2019. Posted in Property

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Savills has been instructed to sell a high-profile retail investment comprising of four modern ground floor commercial units located in the heart of Custom House Square, IFSC, Dublin 1.

All four units are fully let on long term leases producing a combined passing rent of €228,500 per annum exclusive and Unit 3 is leased to the Bagel Factory at €82,500 per annum from August 2000, the unit is currently sublet to Subway & Burritos & Blues. Unit 5A&B is leased to the Natural Bakery for a term of 10 years from November 2015 subject to a passing rent of €72,500 per annum.

Unit 5 C is leased to Dunne & Crescenzi for a term of 25 years form 2001 subject to a passing rent of €38,500 and is currently sublet to the Key Collection IFSC while unit 5 D is leased to Boxx Barbers subject to a passing rent of €35,000 per annum. The units form part of a landmark commercial parade located opposite to the National College of Ireland and situated at the Mayor Street Red Line Luas stop.

Stephen McCarthy of Savills is guiding €2,500,000 for the entire investment.

Source: www.businessworld.ie

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