€1.3m for retail centre

Merchamp Centre is at the junction of Seafield Road and Vernon Avenue in Clontarf

Merchamp Centre:  two-storey over basement premises consists of a mix of retail and offices and extends to 403sq m
Merchamp Centre: two-storey over basement premises consists of a mix of retail and offices and extends to 403sq m

CBRE is seeking in the region of €1.3 million for Merchamp Centre, a high-quality retail and office complex at the junction of Seafield Road and Vernon Avenue in Clontarf, Dublin 3.

The two-storey over basement premises consists of a mix of retail and offices and extends to 403sq m. The main tenant, Insomnia Coffee, is paying a rent of €42,000 on a 35-year lease from 2007. There are also three long-established tenants operating a newsagency, off-licence and an accountancy firm at a combined rent of €78,025, bringing the overall rent roll to €120,025

Colm Luddy of CBRE said they were anticipating strong interest from local investors wishing to take advantage of the recovering retail market

Jack Fagan

Jack Fagan

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