£100,000 quoted for lease of Merrion Road shop

The Corry McMahon agency is quoting £100,000 for the leasehold interest of the ground floor shop at 12 Merrion Road, Ballsbridge…

The Corry McMahon agency is quoting £100,000 for the leasehold interest of the ground floor shop at 12 Merrion Road, Ballsbridge, Dublin 4, which is on a key site opposite the RDS. The property is is currently let to Ballsbridge Travel with a current rental income of £23,000. The travel agency is re-locating. The property is on one of the most visible commercial terraces in south Dublin and benefits from its proximity to the AIB Capital Markets, Eagle Star, the Sweepstakes Centre and the new Herbert Park and Four Seasons hotels.

The same agents are quoting a rental of £140,000 and £80,000 per annum for two retail units recently developed at 51 and 52 Mary Street, adjacent to the Jervis Centre. The development has a ground floor retail area of around 5,352 sq ft and the agents are offering the letting as one or two units. The larger unit at number 51 is offered at £140,000 and number 52 is being offered at £80,000 per annum.