Mixed use in Ballsbridge

Investment is currently producing rents of €132,500 per annum

Kenneth Rouse of BNP Paribas Real Estate is guiding €2.5 million for a mixed use investment at 8 Merrion Road, Ballsbridge, Dublin 4, which is currently producing rents of €132,500 per annum.

The ground floor is let to Redcoral Catering Ltd, trading as Insomina, at a rent of €105,000 per annum. A further €27,500 in rent comes from the attractive overhead office accommodation which is occupied by Morehampton Developments Ltd.

The investment forms part of a parade of shops close to Paddy Cullen's public house, Mary Macs and Ladbrokes.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times