A round-up of today's other stories in brief.
Corner building on Leeson Street for over €3m
A high profile investment property at 146 Upper Leeson Street, Dublin 2, which houses the successful Canal Bank Cafe, is expected to make over €3 million through Turley and Associates when it goes to tender on May 31st. The three-storey over basement building occupies a prominent corner position along one of Dublin's busiest arteries for south bound traffic from the city centre. It is let under a 25-year lease from 2000 at a rent of €125,000 per annum. There is a separate entrance to the kitchen in the basement.
Jewellers pays over €400,000 for Grafton Street lease
Another new trader is about to move into Dublin's Grafton Street. Rock Jewellers of Stillorgan shopping centre has paid a premium of over €400,000 for the lease of the H20 cosmetics store at 73 Grafton Street. The lease was held by Spectra Photo which also owns H20. Rock will be paying a rent of €198,000 for the building which has 39.9sq m (430sq ft) at street level and 213.6sq m (2,300sq ft) over five levels. The building is owned by Irish Life.
Ready-to-go apartment site in Sandyford makes around €19m
Apartment sites in Sandyford, Co Dublin, continue to sell strongly because of the strong demand for homes there. Latest to change hands at around €19 million was a ready-to-go site of 0.77 of an acre at 21 Corrig Road with permission for 90 apartments and 971sq m (10,452sq ft) of retail and offices. The property was sold by tender through CB Richard Ellis.
Over €1.1m for offices in Whitefriar scheme in Dublin 2
Lisney is seeking over €1.1 million for an office investment within the Whitefriar office development on Aungier Street, Dublin 2. The own-door three-storey building at 14 St Peter's Row extends to 164.72sq m (1,773sq ft) and is let to MyHome Ltd under a 25-year lease from 2000. It is currently sub-let on a four years and nine months lease to The Wine & Spirit Association of Ireland. The rent of €58,408 was reviewed in November 2005. At the guide price of €1.1 million, it would show a net initial yield of 4.77 per cent.
Georgian offices in Dublin 2 each for over €2.75m
Lisney is to sell two Georgian office investments in Dublin 2. Number 37 Fitzwilliam Street, which is expected to make over €2.75 million, is let to the ESB under a lease with another two years to run. It has a floor area of 351sq m (3,778sq ft) and is producing €128,044 per annum.
Number 45 Mount Street Upper is let to AFA O'Meara Advertising and Mitsui Ireland at €119,500. There are four separate leases ranging up to nine years and nine months. The basement has vaulted ceilings and has been tastefully refurbished. The guide price is over €2.75 million.
Over €2.5m for Georgian offices at Lower Baggot Street
Joint agents Atisreal Harrington Bannon and Druker Fanning are looking for offers over €2.5 million for a four-storey over basement Georgian office investment at 41 Lower Baggot Street, Dublin 2. The entire house extends to 359sq m (3,864sq ft) and is divided into 11 self-contained office suites which are producing €71,235. Several rent reviews are due shortly.
Ready-to-go Swords site of 1.6 acres sells for €5.3m
Turley & Associates has secured €5.3 million for a site of 1.6 acres at Swords Road, Malahide, Co Dublin, with full planning permission for 27 apartments. The purchaser also paid €5 million for an adjoining site of 5.8 acres which is zoned as greenbelt.
Surveyors select new president
Conor Hogan, right, is the new president of the Society of Chartered Surveyors. Hogan is a director of Joseph C Hogan & Sons Chartered Quantity Surveyors, practising from Clare Street in Dublin. He began his career in 1984 when he joined the family firm.
Selected with Hogan, the society's 104th president, were the new senior vice president of the society, Felix McKenna. The new junior vice president is Seán McCormack. The society re-elected the existing honorary secretary, Lena Clarke, and Michael Scollard was re-elected honorary treasurer.
