Three-storey investment deal in Dublin 2

€575,000 sought for commercial premises on South Great George’s Street

58 South Great George’s Street, Dublin 2: three-storey building adjoins Dunnes homeware store
58 South Great George’s Street, Dublin 2: three-storey building adjoins Dunnes homeware store

Ollie Lyons of TWM is seeking €575,000 for a commercial investment opposite the South City Market at 58 South Great George's Street, Dublin 2.

The three-storey building adjoins Dunnes homeware store and is producing a rent of €41,000 from four tenants.

The ground floor and basement are used for retail purposes while the upper floors are used as showrooms and offices.

The yield for investors will be 6.82 per cent.

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Meanwhile Peak Capital Advisors and TWM, the adviser and agent to Yew Tree Investment Fund plc, have completed a deal to acquire two adjoining units at East Coast Business Park in Drogheda.

The fund paid €1.35 million for the the commercial building which is let to Harvey Norman on a 20-year lease from 2007 at a passing rent of €184,000 per annum.

The yield will be 13.09 per cent. HWBC advised the vendor.

Jack Fagan

Jack Fagan

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