Private investors looking for commercial properties will have an opportunity to buy units in the Castle Street Shopping Centre, in Bray, Co Wicklow, when they are sold on March 9th through Mason Owen & Lyons. The 22 retail investments are to be offered in one or five lots and are expected to produce yields of around 6 per cent, according to Tony Walsh of the agency. The 22 shops operate alongside the Superquinn supermarket, which has traded successfully since it opened in 1976. The centre was completely refurbished and extended two years ago. The shops are being sold by Melcorpo Commercial Properties, a private investment company run by David Lyons, which is restructuring its portfolio. It bought the Bray shops in 1989.

The portfolio is producing an annual rent roll from the 22 shops of £459,000. The tenants include 14 multiple traders including Peter Mark, Hibernian Insurance, Wigoders, Xtravision, Benetton, The Phone Stores, Vienna Shoes, Intrigue, Dargle Pharmacies and Bannon Jewellers.