Lisney has secured €1.1 million for a Spar shop retail investment on the corner of O’Connell Street and Cathedral Lane, Dublin. The five- storey over basement building has a net internal floor area of 300sq m (3,229sq ft) and is producing an overall rent of €82,500 per annum.
The ground floor and basement are let to Spar on a new 10-year lease from last January at a market rent of €47,500. The tenant has break option at the end of 2018 subject to a penalty equal to six months rent.
The upper floors produce an additional €35,000.
:quality(70)/s3.amazonaws.com/arc-authors/irishtimes/2f89f249-f5ec-442f-a46d-7ccea1465bd5.png)
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/6BDEAESQEJH4BHNFRSVZH3W4TM.png)