Commercial Property

Killester investment offers 5.96pc yield with upward rent reviews



Killester investment for sale
Gallery 1
Killester investment for sale

A branch property let to Bank of Ireland in Killester, Dublin 3, is for sale with a €1.4m guide price.

The two storey property generates an annual passing rent of €91,762 which at the guide price would generate a 5.96pc net yield. Furthermore the lease provides upward only rent reviews every five years. Its 25-year FRI lease dates from September 2007 and there are no break options.

Located at 189 Howth Road, the two storey property extends to 2,564 sq. ft. Four parking spaces are included to the front and a small yard to the rear has pedestrian access from a laneway.

Harry Byrne of sales agent Mason Owen & Lyons says that it benefits from an excellent covenant and main street location.

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