BRIEFS:Eoin Ryan of agent DTZ Sherry FitzGerald is quoting a guide price of €250,000 for a prominent retail investment property at the junction of Church Street and North King Street in Dublin 7.
The 94sq m (1,012sq ft) convenience store extends to 893sq m (1,015sq ft) and has additional storage space overhead and two car-parking spaces.
It is let to IPL Marketing Ltd on a 25-year lease from 2002 at an agreed abated rent of €20,000 per annum.
Former Sony shops for rent in top spots
Two former Sony shops at Huguenot House on St Stephen’s Green and Lower O’Connell Street in Dublin have come on the letting market through joint agents Lisney and Savills. Both units are owned by Seán Mulryan’s international property group.
The agents are quoting a rent of €100,000 for the unit close to the Shelbourne Hotel which is expected to appeal to restaurant and food operators.
The property has a ground floor area of 132sq m (1,421sq ft) and a further 48sq m (517sq ft) at basement level.
A rent of €60,000 is being sought for a corner premises at the junction of Lower O’Connell Street and Sackville Place (pictured).
The shop has 111sq m (1,195sq ft) on the ground floor and another 48sq m (517sq ft) at basement level.
It is located along a particularly busy stretch of O’Connell Street and is expected to appeal to a wide variety of traders.
IPUT wins IPD European gong
With its net income yield this year running at 8.8 per cent, the Irish property fund, IPUT, has picked up an IPD European Property Investment Award for achieving the highest overall return on the all-property benchmark in the three years to last December.
Niall Gaffney, chief executive of IPUT, who collected the award at a presentation in Frankfurt, said IPUT’s performance in such challenging conditions reflected the prime nature of its property portfolio and the superior levels of rental recovery it achieved.
