Prime Dublin retail site on market for €26m

Broker Savills has brought three retail properties on Henry Street in Dublin to market with a guide price in excess of €26 mln.

The three prime high street shops at 16, 17 and 45 Henry Street in North Dublin comprise around 1,241 m2 of leasable area which includes 446 m2 of ground floor retail space.

The mid-terraced properties are situated near the Arnotts and Debenhams department stores as well as brands including Next, Zara, River Island, Topshop, JD Sports and H&M.

'Retailers are increasingly focused on opening stores in prime locations and recent lettings to Next and JD Sports demonstrate a robust occupier market that is benefiting from this strategy,' said Fergus O’Farrell of Savills.

'The Henry Street collection is an excellent opportunity to acquire high street investments of scale on one of Dublin’s premier retail thoroughfares. We anticipate strong interest, both from investors looking to increase their footprint on the street and from new investors looking to gain a foothold on one of Europe’s best shopping districts,' O'Farrell added.

The asset is fully let generating a total rent of €1.115 million per annum, to retailers GameStop Group, Nature’s Way(trading as Holland & Barrett) and Fat Face.

The guide price equates to a net initial yield of 3.95%. The three properties are available as one or in seperate lots, Savills said.


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