€900,000 for Georgian

Agent Knight Frank is seeking in excess of €900,000 for a mix of modern and Georgian office accommodation at 100 Capel Street, close to Henry Street in Dublin 1, which will provide a return of 8.6 per cent on a rent of €80,000 per annum.

The building extends to 431sq m (4,640 sq ft) and is located on the west side of Capel Street, opposite the intersection with Ryder’s Row and Parnell Street.

The property comprises a period conversion of the ground floor and basement level of 100 Capel Street with a link through to two-storey modern offices at the rear.

The selling agent said that subject to planning there is potential to add a lightweight structure over the first floor level to provide further office accommodation.

The property is let to a successful trading IT company that specialises in computer software for hairdressers, spas and beauty salons owners.

The company,with a staff in Dublin of about 30, has taken a 10-year lease of the premises from September 2011 with a break option in the fifth year.