€2.5m for car showrooms

The  showrooms will show an initial return of 7.66 per cent
The showrooms will show an initial return of 7.66 per cent

Wesley Rothwell of CBRE is looking for €2.5 million for a high grade car showrooms let to Spirit Motors at Sandyford, Dublin 18, which will show an initial return of 7.66 per cent. The two-storey building has a floor area of 2,332 sq m (25,100 sq ft) and stands on a site of 1.7 acres which includes 81 car parking spaces. It is let to Spirit Motor Group on a 10 year lease from last May at a current rent of €200,000 which is subject to incremental increases to bring it up to €270,000 in year 10. Spirit has been operating in south Dublin since 2004.

Jack Fagan

Jack Fagan

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