Four key investment properties near Kilmainham Gaol for €1.4m

Units at Kilmainham Square, anchored by Hilton Hotel, are also for sale individually

The ground floor, self-contained office suite let to Persuasion Republic is guiding €440,000

The ground floor, self-contained office suite let to Persuasion Republic is guiding €440,000

 

A collection of four investment properties on the Inchicore Road in Dublin 8 is on the market for a combined €1.4 million through joint agents Hooke & MacDonald and Brock Delappe.

The properties, also for sale individually, are at the Lalco-developed Kilmainham Square scheme that was built by Sisk in 2007 and is now anchored by the Hilton Hotel.

This location, adjacent to Kilmainham Gaol and within 0.7 km of the Luas, offers easy access to the M50 and the city centre.

The first property in the sale is a ground floor, self-contained office suite with about 202sq m (2,174sq ft) of space. It is let to Persuasion Republic on a 10-year lease at €32,400 per annum and is guiding €440,000, which would reflect an initial yield of 6.79 per cent.

A purpose-built creche of about 178sq m (1,916sq ft) is let to Safari Childcare Ltd on a 25-year lease at €25,991 per annum. The €360,000 guide price reflects an initial yield of about 6.66 per cent.

The agents are quoting a guide price of €350,000 for a retail unit let to LimeTree Cafe Ltd on a five-year lease to reflect an initial yield of 7.1 per cent.

A vacant retail unit of 82sq m (883sq ft) is guided at €250,000 and, subject to planning permission, could be suitable for a variety of uses.

The Lalco-developed Kilmainham Square scheme was built by Sisk in 2007
The Lalco-developed Kilmainham Square scheme was built by Sisk in 2007