Dublin 2 office on the market for €450,000

Dublin 2 office on the market for €450,000

3 Clanwilliam Square

A modern compact office investment property in Dublin 2, with a yield of 10.6%, has come on the market for €450,000.

3 Clanwilliam Square  is currently let to Transfusion Positive on an FRI lease that expires in February 2017 at a current rental level of €50,000 per annum.

Agents Knight Frank says the asking price represents a net initial yield of 10.64% after allowing for typical purchaser costs of 4.46%.

The tenants are not affected by the sale.

The mid-terrace two storey unit is located on Grand Canal Quay and is located adjacent to the Treasury Building.

Its accommodation comprises a large reception area, office and other facilities on the ground floor, with a conference room and two treatment rooms on the first floor. It also has three parking spaces.

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