£125,000 quoted for Leeson Street investment

With low-priced commercial property investments in particularly short supply, Lisney is likely to be inundated with inquiries…

With low-priced commercial property investments in particularly short supply, Lisney is likely to be inundated with inquiries for a small retail investment at 75A Upper Leeson Street, Dublin 2, which goes to auction on June 9th. The agents are quoting a guideline price of £125,000 for the ground floor premises which has 791 sq ft of retail and storage space and is let to Allied Autospare at a rent of £7,150. A rent review is currently outstanding. A purchase price of £125,000 would show a purchaser a net initial yield of 5.28 per cent.