Retail investment at heart of Dublin’s IFSC guiding at €2.5m

Custom House Square units deliver rental income of €228,500 a year

All four units are fully let on long-term leases producing a combined passing rent of €228,500 per annum.

Stephen McCarthy of Savills is guiding a price of €2.5 million for a high-profile retail investment comprising four ground-floor units on Custom House Square at the IFSC in Dublin 1.

All four units are fully let on long-term leases producing a combined passing rent of €228,500 per annum (exclusive).

Unit 3 is leased to the Bagel Factory at €82,500 per annum from August 2000. The unit is currently sublet to Subway & Burritos & Blues.

Unit 5A&B is leased to the Natural Bakery for a term of 10 years from November 2015 subject to a passing rent of €72,500 per annum.

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Unit 5C is leased to Dunne & Crescenzi for a term of 25 years from 2001 subject to a passing rent of €38,500. The property is currently sublet to the Key Collection IFSC.

Unit 5D is leased to Boxx Barbers subject to a passing rent of €35,000 per annum.

All four units form part of a well-located commercial parade directly opposite the campus of the National College of Ireland, and immediately adjacent to the Mayor Street stop of the Luas red line.

Ronald Quinlan

Ronald Quinlan

Ronald Quinlan is Property Editor of The Irish Times