Investment off Grafton Street for £375,000

With relatively few strong retail investments available in Dublin under £500,000, Hamilton Osborne King is expecting considerable…

With relatively few strong retail investments available in Dublin under £500,000, Hamilton Osborne King is expecting considerable interest in a retail building it is to sell at 9 Johnson Court, just off Dublin's Grafton Street. Denise Murphy of the agency is quoting a guideline price of £375,000, which equates to a yield of 6 per cent, for The Stencil Store at a rent of £24,000 per annum. The ground floor has been refurbished to provide 312 square feet of retail space, the basement is used as a store, while two upper floors provide office accommodation. The 1,085-square-foot building is rented on a modern 25-year lease with five-year upwards-only rent reviews. Johnson Court is a pedestrian route linking Grafton Street with the Powerscourt Centre. The property goes to auction on October 1st.