Good opportunity to express interest in retail investment

A Dublin 8 retail investment let to Tesco Express is on offer at a c 7% net initial yield. Michelle McGarry of Colliers International seeks offers around €1.6 million for the ground floor investment at 51/52 Thomas Street, Dublin 8, close to the Meath Street junction near NCAD and St James Hospital.

It has a current rent of €118,000 and has ten years to run to a tenant break option, on a 25-year lease from 2010.

It is one of 146 Tesco stores in Ireland and despite declining market share currently controls 26% of the county’s supermarket retail spend.