€600,000 for retail and office investment overlooking harbour

A detached retail and office building overlooking Howth Harbour in Co Dublin is to be offered for sale at a knockdown price of €600,000-plus through agent Douglas Newman Good Commercial.

The four-storey investment has retail use at street level and offices overhead. The building is currently producing €40,000 from one of the two shops on the ground floor and two overhead offices.

The overall rent is expected to increase to at least €63,000 when a second retail unit and an office are rented. There is separate access to the upper floors and a six-person lift servicing all the floors.

Jack Fagan

Jack Fagan

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