Blackrock Asset Comes To Market
21 Main Street Blackrock launched to market by CBRE
Dublin, 7th September 2017 – CBRE are delighted to be announcing today that they are bringing 21 Main Street to the market for Sale by Private Treaty. This asset is located in Blackrock, one of Dublin’s most affluent suburbs, let to Flexa and Ultrasound Dimensions Limited producing an annual rent roll of €64,000. CBRE are understood to be quoting a price in the order of €720,000 for the premises which equates to a net initial yield of 8.51%.
21 Main Street has a prime position in one of Dublin’s most affluent suburbs. The property is situated on the south side of Main Street and is within close proximity to Blackrock Shopping Centre, Ulster Bank and Insomnia. This property which is being offered for sale will provide an investor with the opportunity to acquire a property with recognised covenants in an excellent location.
21 Main Street is an impressive three-storey over basement building. The property consists of a mix of retail and office space and extends to approximately 222 sq, m, (2,390 sq, ft,) with significant frontage onto Main Street. This sale presents a unique opportunity for an investor to benefit from a now recovering retail and office sector with renewed demand from occupiers for well-located space.
We are anticipating robust levels of interest in this property. No. 21 Main Street Blackrock is an excellent mixed-use investment opportunity for an investor looking to tap into the strengthening suburban property market in Dublin. High quality suburban retail investments have become increasingly attractive among private investors in recent years. The combined prospect of capital appreciation and current income from two strong covenants is expected to attract a number of potential investors.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 135 employees, we work with occupiers, investors and developers of office, industrial and logistic, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie