Freehold interest in Moore Street butchers for sale for €650,000

FX Buckley's has been in historical area since 1930s and will show initial yield of 4.96%

FX Buckley's, 62 Moore Street, Dublin. The building  is located only 30m from Henry Street

FX Buckley's, 62 Moore Street, Dublin. The building is located only 30m from Henry Street

 

In a rare enough sale of a business premises on Dublin’s Moore Street, Colliers International is guiding €650,000 for the freehold interest in FX Buckley's butchers shop at 62 Moore Street.

The mid-terrace, three-storey, over-basement building is located only 30m from Henry Street and adjoins the Wallis store at 5 Henry Street.

The location is renowned for its old fruit and vegetable market and historical buildings linked to the 1916 Rising. The area is to be enhanced by the future redevelopment of the Dublin Central site bounded by Moore Street, Henry Street, O’Connell Street and Parnell Street, now owned by Hammerson, who also run the Dundrum Town Centre.

FX Buckley's has been based on the Henry Street end of Moore Street since the 1930s. The present flagship shop at number 62 has been held on a 35-year lease from November 1989, at an annual rent of €35,000, with 6½ years yet to run and an upward only rent review due in 2019.

The building has an overall floor area of 102sq m (1,097sq ft), with a ground-floor retail area extending to 34sq m (363 sq ft).

Mandy Daly of Colliers says the sales opportunity will appeal to surrounding occupiers and private investors looking for a prime city centre retail location a stone’s throw from Henry Street. The guide price would show a net initial yield of 4.96 per cent after allowing for standard acquisition costs of 8.46 per cent.

FX Buckley's is also close to Arnotts, now owned by the Selfridges Group and due to be upgraded shortly.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.