A fully-let office block at Richview Office Park in Clonskeagh, Dublin 14, is fresh to the market this week with DTZ Sherry FitzGerald guiding €4.82 million for the freehold interest in the property. This would reflect a net initial yield of 7.26 per cent.

Block 8 is let to Liberty Mortgage Corporation, which is not affected by the sale, on a 25-year lease from July 2007 at a passing rent of €365,350 per annum.

The lease is subject to an upwards-only rent review in July 2017 and a tenant-only break option in June 2022.

The property is laid out over three floors, extends to 994.83sq m (10,708sq ft) and benefits from 32 surface car-parking spaces.

Richview is a purpose-built business park 6km south of the city centre and forms part of a Clonskeagh office hub along with Beech Hill Office Campus, Belfield Office Campus and Clonskeagh House Office Park.

Occupiers in the area include Smurfit Kappa, Ericsson and McDonald's.