Mixed Andrew Street unit likely to make £700,000

A retail and office investment beside the Post Office in Andrew Street, Dublin 2, is expected to make around £700,000 when it…

A retail and office investment beside the Post Office in Andrew Street, Dublin 2, is expected to make around £700,000 when it is auctioned on October 27th by Barry Smyth of de Vere White & Smyth. Number 18 Andrew Street is currently producing £42,950, of which £28,250 comes from the shop and basement. The three upper floors are let as separate office units. Small investments of this kind have been in particularly keen demand in the city, with many of them selling for a yield of just under 6 per cent. The premises are particularly well located opposite Dublin Tourism Information Centre and on a route from Grafton Street to Temple Bar.