€1.25m for former SCR bank

Savills is seeking in excess of €1.25 million for the former Danske Bank at 98-100 South Circular Road, Dublin 2, which has been let to Tesco Express at €77,000 per annum. The 25-year lease includes a break option in year 10 and 15 providing 9.5 years of certain income. The current rent is subject to five yearly rent reviews linked to the Consumer Price Index.

The three-storey building extends to 714sq m (7,688sq ft), of which Tesco occupy the ground floor and part of the first floor. The remainder of the building extending to 368sq m (3,961sq ft) is laid out for office use with its own door and is currently vacant. Additional income of €15,000 per annum comes from Vodafone Ireland for accommodating a roof mast.