Fashion chain pays £500,000 for Grafton Street shop lease

An Irish fashion chain is paying slightly over £500,000 for the leasehold interest in the EBS branch office which has closed …

An Irish fashion chain is paying slightly over £500,000 for the leasehold interest in the EBS branch office which has closed down at Grafton Street, in Dublin 2. More than a dozen retailers, many of them from the UK, were in competition for the store, which is located along a particularly busy stretch near the top of the street. The shop has a narrow frontage and 800 sq ft of retail space. There is a further 500 sq ft of storage space in the basement. The building is rented at £83,000 per annum with the next review due at the end of 2001. The next tenant is likely to remodel the shopfront.