Prime retail investment on Navan’s main street for €1.52m

Most of the rent – €92,120 – comes from BoyleSports

The prime retail and office investment fronting on to Navan’s main street
The prime retail and office investment fronting on to Navan’s main street

Patricia Ward of DTZ Sherry FitzGerald is quoting €1.52 million for the freehold interest in a prime retail and office investment fronting on to Navan's main street.

The double frontage block extending to more than 743 sq m (8,000 sq ft) was built in 2008 and is producing an overall rental income of €147,994, equating to a yield of 9.32 per cent.

Most of the rent – €92,120 – comes from BoyleSports, whose 25-year upwards-only lease includes a break option in 2019.

Office space on the upper floors is rented by MABS and the Citizens Information Services.

Jack Fagan

Jack Fagan

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