Three-storey offices in Rathmines guiding more than €550,000

Building on Castlewood Place let to long-established, secure tenant

A modern, three-storey office investment in the centre of Rathmines, Dublin 6, has come on the market through Browne Corrigan Chartered Surveyors with a guide price of more than €550,000.

The office building has 222sq m (2,400 sq ft) and is located on Castlewood Place, which runs parallel to the main street in Rathmines.

The building has a number of attractive design features, including maximum natural light, balcony space and a large, airy stairwell.

It is let to Zinc Design Consultants, a long-established design company, which is paying a rent of €40,000 a year. The tenant has been in occupation for the past 10 years and the lease has another 10 years to run.

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Peter Browne of Browne Corrigan said the net return of 7 per cent represented good value considering the quality of the building and the fact that they had a long-established, secure tenant.

Jack Fagan

Jack Fagan

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