Just enough room to swing a latte: kiosk sold for €250,000

Dublin 4 coffee doc sells for €50,000 above guide price

The prominent newspaper and coffee kiosk in the centre of Ballsbridge, Dublin 4, has been sold to a private investor for almost €250,000. That's over €70,000 per square metre.

The prominent newspaper and coffee kiosk in the centre of Ballsbridge, Dublin 4 has been sold to a private investor for almost €250,000, about €50,000 above the guide price.

At that price the new owner will earn a return of around 6 per cent.

The kiosk, which is at the junction of Lansdowne Road, Pembroke Road and Northumberland Road is let to Silverskin Coffee Roasters at a rent of €15,600. The short-term lease runs until January 2017.

Natalie Brennan of CBRE, who handled the sale of the hexagon-shaped kiosk which has a floor area of 3.4sq m (37sq ft), said the sale had attracted "widespread interest and keen bidding."

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The kiosk was originally bought during the 1989 property boom for £132,000 (€167,605 ) by the late property developer Phil Monahan. Two years later it was withdrawn at a Gunne auction at £155,000 (€186,000)and sold subsequently.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times