GPO Arcade, Dublin 1 Cushman and Wakefield are offering An Post’s leasehold interest in the GPO Arcade for €4.18m (€297 psf). The property is held on a 200 year lease from the State from 1989 at €126,974 pa and includes 10 of the 13 self-contained shops that have frontage on both Henry Street and Prince’s Street North, generating €444,562 pa (7% NIY). The Irish Times, 24th October
Dame Street, Dublin 2 The “Pen Corner” located at the junction of College Green and Trinity Street, comprising four street shops and overhead office space has been brought to market by Lambert Smith Hamilton guiding €6.5m. Annual rent is €360,000 (5.5% gross yield). The Irish Times, 24th October
12 Camden Street Upper, Dublin 2 has been brought to market by Cushman and Wakefield guiding €1.3m. The 2,734 sq.ft property is let to Figurate Ltd T/A Brady’s Pharmacy who occupy they ground and basement at €52k pa on a 25 year lease from 2005. The first floor is let to Nurse Buddy on a four year 9 month lease from 2016 at €12k. The two bed duplex located on the second and third floor is vacant. The Irish Times, 24th October
Parnell Centre, Parnell Street, Dublin 1 QRE are seeking €2m for two retail units at Parnell Centre. The units are let to Euro Giant and Eddie Rockets generating €195,000 pa (9% NIY) and have a combined weighted average unexpired lease term of 13.6 years. The Irish Times, 23rd October
Office Market JLL noted a 30% increase YOY in Q3 2018. Take up reached 593,091 sq.ft across 69 deals, 12% higher than the same period in 2017. Half of the take up (53%) has been in the city centre and Dublin 2 accounting for 41% of this. Prime city centre rents are €60 – €65 psf. Prime suburban rents are €27 – €32.50 psf. The Sunday Business Post, 28th October
The Central Hotel, Exchequer Street, Dublin 2 has been brought to market by Cushman and Wakefield guiding €40m. The 130 year old hotel has secured planning permission to increase the number of bedrooms from 70 to 112. The three star hotel has an 88% occupancy rate and reported a €1.7m profit last year and has additional income of €660,000 from five retail units on the ground floor. The Irish Times, 24th October
Sandymount, Dublin 4 Kelly Walsh are guiding €3m for a residential investment opportunity Radcliff Hall in Sandymount. The properties comprise six townhouse and apartment units with an average size of 979 sq.ft. One unit is vacant and the current annual rent roll is €94,800 but the agent notes the ERV is €204,000 pa. The Sunday Business Post, 28th October
Dublin Landings, Docklands, Dublin 1 Savills are bringing 268 apartments (250,000 sq.ft) currently under construction close to the Central Bank to market. The apartments will be located in two seven to 11 storey blocks and will comprise 82 one-bed, 146 two-bed and 31 three-bed apartments. Neither of the two development companies, Ballymore and Oxley have given any indication of selling price. The Irish Times, 24th October
Ashtown, Dublin 15 A 12.29 acre site located along the Royal Canal has been brought to the market by Savills guiding €22m (€1.7m per acre). The site has planning permission for 296 apartments and houses. The site previously transacted for €70m in 2006. Savills expect three-bed houses on the site to sell for €385k and four-bed to sell for €480k while one, two and three bed apartments will sell for €240k, €300k and €330k respectively. The Irish Times, 24th October
Moycullen, Co Galway Savills are seeking €2.7m for 14.45 acres with planning permission for 61 houses in Moycullen, Co. Galway (€44k per site). The Irish Times, 24th October
Property Investment Market BNP Paribas report that Ireland has outperformed Europe over the last 12 months to the beginning of October. Investment in Ireland has increased 32% YOY to €3.4bn compared with a 2% growth rate in Europe to €265bn. The Sunday Business Post, 28th October
Annamoe Trout Fishery, Wicklow has been brought to market by Sherry Fitzgerald Catherine O’Reilly for €820,000. The property comprises 10.75 acres of land and lakes, a lodge used to sell fishing equipment, a detached three bed house and a purpose built café and office. The Irish Times, 24th October
BidX1 The next BidX1 online auction will be held on 15thNovember. 13 apartments at Richmond Hall, Richmond Road, Dublin 3 are guiding €2.3m generating €103.5k pa. The Bull Ring on Meath Street, Dublin 8 , a mixed use property generating €244,500 pa is guiding €3.3m. The Irish Independent, 25th October
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