Clarehall shop for €1.2m

Meadows & Byrne has agreed to lease space on the Malahide Road for 10 years

Burnell Court on the Malahide Road at Clarehall
Burnell Court on the Malahide Road at Clarehall

DTZ Sherry FitzGerald is seeking €1.2 million for a retail investment at Burnell Court on the Malahide Road in Clarehall, Dublin 17, which will show a net initial yield of 9.09 per cent.

Meadows & Byrne has agreed to lease the ground floor and mezzanine level for a 10-year period on completion of the sale. It is to pay a rent of €114,000 for over 769sq m (8,278sq ft) on the ground floor and over 814sq m (8,763sq ft) on the mezzanine. The shop has dual frontage onto the Malahide Road and Mayne River Avenue. Insomnia has a concession area on the ground floor.

Johnny O’Connor of DTZ SherryFitzgerald said the agency expected a high level of interest in the investment because of its location, lot size and attractive net yield.

Jack Fagan

Jack Fagan

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