THE fortnightly music magazine, Hot Press, has paid £400,000 for a retail and office building beside the new car-park at 13 Trinity Street, Dublin 2. The freehold interest in the building was recently acquired by United Drug after it failed to. assign its lease of three floors, including 1,337 square feet at street level. Although this space was unoccupied for several years, the company had to pay a rent of £28,000 per annum under a 35-year lease from 1981. United Drug sold the building to Hot Press, which had been a tenant in three upper floors.

Hamilton Osborne King, which handled the sale, has also agreed terms at a rent of £100,000 per annum to lease 1,400 square feet of retail space in the TSB building near the bottom of Grafton Street. Three retailers were in competition for the shop.

The same agents are quoting a rent of £25,000 per annum for the retail premises formerly occupied by Slaters Jewellers at Johnson Court, off Grafton Street. There is 312 square feet at street level and slightly less on three other floors.