IRISH Life has sold another of its sales offices in the Dublin suburbs. Lambert Smith Hampton has secured almost £650,000 for a two-storey building at Howth Road, Killester, Dublin 5, which is producing rental income of £32,000 from National Irish Bank and Garland & McDonald. Irish Life is vacating the adjoining retail unit and when this is let, it should bring the yield to about 8 per cent.

The same agents are quoting a price of £360,000 for another investment property at Cabra Road where AIB is occupying part of the building under a long lease at £14,500 per annum. Irish Life's office is vacant and a three-bedroom residential unit is producing £1,000 per annum. The income could be increased to £33,500 per annum.