With investors again looking for secure medium-sized retail investments in strong Dublin locations, there is likely to be good interest in the forthcoming sale of a Boots chemist in Donnybrook.
Agent Bannon is seeking in excess of €2.4 million for the attractive store developed especially for Boots at Morehampton Road in Donnybrook which will give the new owner a return of over 7.5 per cent.
The 340sq m (3,667sq ft) modern building is producing a rental income of €185,400 under a 25-year lease to Boots from 2008. The upwards-only lease provides for a break in the tenth year subject to nine months notice and a six months penalty clause.
The property, located a few doors from the highly successful Donnybrook Fair, is an ideal lot size for a small pension investor or an investor seeking a secure high yield home for a cash deposit.