Douglas Newman Good is offering for sale two retail investments in the Dublin docklands with tax breaks before the end of the current tax year, on April 4th. The agency is seeking £585,000 (€742,800) for a 785 sq ft shop let to Castleknock Flowers at a rent of £35,000 (€44,440) per annum. Another shop of 780 sq ft to be let shortly at £31,200 (€39,615) is available at £560,000 (€711,050).

The agents estimate that about 90 per cent of the cost of the shops will qualify for capital allowances. Initial allowances of 54 per cent of the qualifying cost is available in the first year of letting, together with an annual allowance of 4 per cent, until it reaches 100 per cent.

The shops are the last available at Custom House Square where the developers, Chesterbridge, have sold retail investments at yields of between 5 and 5.5 per cent. Last week a private investor paid £935,000 (€1.19m) for a shop of 1,216 sq ft which has been let at £54,720 (€69,480) per annum.