Commercial Property
French fund snaps up Walkinstown Bank of Ireland for €4.2m
Property is let to Bank of Ireland on 25-year lease, with five-yearly rental uplifts of 15 per cent
Colliers has concluded the off-market sale of an ultra-modern Bank of Ireland premises in Walkinstown, Dublin 12 for €4.175 million.
The sale price reflects a net initial yield of 6.42 per cent and a capital value of €352 per square foot to French fund FPS Europe +, a specialised professional fund owned by MNK Partners.
The premises at 177 Drimnagh Road, which comprises a part single and part two storey detached premises, spans 1,099 square ...
