HWBC takes property worth €4m to market
Commercial agents HWBC is bringing more than €4 million worth of Dublin property investments on to the market, six of them retail properties and one industrial project.
The highest value investment with a guide price of more than €2.1 million is a Permanent TSB office at Lower Kilmacud Road in Stillorgan, Co Dublin, which is producing a rent of €175,000 a year under an upwards-only lease which has another nine years to run.
The yield will work out at 8 per cent.
The agents have set a guide price of €475,000 for 143 Upper Rathmines Road, a mixed-use building which is producing rents of €42,000 a year.
HWBC expects to secure €300,000 for a retail unit let to Doc Morris Pharmacy in the Tesco shopping centre in Greystones.
The tenant is paying a rent of €32,000, with nine years to run on the modern lease.
Other pending sales are at 19 Main Street, Blackrock (guide €480,000); 22 Bachelors Walk (€325,000); Shop 105, Trees Road, Upper Mount Merrion (€325,000) and Unit 19 Cookstown Industrial Estate, Tallaght (€350,000).