Mixed-use Temple Bar investment for sale for €1.2m
Wellington Quay building is fully let and is producing rent roll of €95,000
Cut & Sew barbers occupies the ground floor of the Wellington Quay building for sale for €1.2 million
A mixed-use investment at 31-32 Wellington Quay in Temple Bar is guiding more than €1.275 million through agent Cushman & Wakefield.
It is fully let and generating a rent roll of €94,960 a year and, given the guide price, this would reflect a net initial yield of 6.86 per cent.
The building, overlooking the Liffey between Ha’penny and Millennium bridges, extends to 272.22sq m (2,930sq ft) and includes retail, residential and medical uses.
Cut & Sew barbers occupy the ground floor on a 10-year lease from March 2018 and E&S Doctors rent the first floor on a 10-year term from January 2018.
The upper floors comprise a two-bed apartment and a three-bed duplex. Both are occupied on standard residential tenancy agreements.