Mixed Use Investment For Sale

Property Highlights

·         Fully let mixed-use investment let to secure long-term tenants.

·         WAULT of 12.2 years to expiry with no breaks.

·         Five storey over basement property extending to 552 sqm (5,941 sq ft) of retail and office accommodation.

·         Located on Westmoreland Street which adjoins College Green and Temple Bar.

·         Lower floors occupied by ‘Good World’ restaurant, with a passing rent of €100,000 per annum.

·         The upper floors are in use as a language school and is let to Englishour Limited at a passing rent of €90,000 per annum.

·         Current rent roll of €190,000 per annum

 
Cushman & Wakefield are seeking offers in excess of €2,300,000 reflecting a net initial yield of 7.51%, assuming standard purchaser costs.