Rathgar retail units given market price of €1.6m

Three shops on Rathgar's Orwell Rd currently yeild a rent of €119,500 per annum
Three shops on Rathgar's Orwell Rd currently yeild a rent of €119,500 per annum

Three shops have been placed ont he market in Dublin's stylish Rathgar, including a Spar shop leased until 2025

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15 June 2016 | 0

Three shops have gone on the market in Rathgar, Dublin, with a total market price of €1.6m. According to The Irish Times, the three businesses produce a rent roll of €119, 500 and will show a return of 7.5%.

The highest valued property of the three is a Spar shop, which is rented by the company at €63,750 per annum under a lease which runs until 2025.

The other units in the business opportunity include upstairs offices rented to Bracken Estates (€6,750), Quality Dry Cleaners (€27,000 per annum, leased until 2021), The Flower Bowl (€16,000 per annum, leased until 2026.

The Times reports that Turley Property Advisors plans to sell the investments in one, two or three lots.

A fourth building, trading as a food takeaway, has a sale agreed.



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