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€7.8 Million sought for AIB Trade Centre

(Link to Irish Times Article, June 13 2012)

‘The AIB Trade Centre, a distinctive office investment near the front of Dublin’s IFSC, is to be offered for sale through Bannon’s investment department with a guide price of €7.8 million.

The three-storey over basement building at Custom House Quay, also known as Stack B, will give investors an immediate return of 9 per cent after costs are deducted.

The riverside block extends to 1,734sq m (18,665sq ft) and is let to AIB on a lease which has almost nine years to run. The lease agreement provides for an upwards-only rent review in 2016 on the current passing rent of €735,000 per annum.’