Commercial Property

Once-off chance to acquire giant retail warehouse at Liffey Valley for €26m

B&Q holds 25-year lease at 11,000 square metre warehouse, one of largest in the country, and planning laws prohibit any more of this size to be built

B&Q’s flagship Irish store at Liffey Valley in Dublin has been placed on the market at a guide price of €26 million through Savills and JLL

The B&Q retail warehouse, located at Liffey Valley retail park in Dublin 22, has been placed on the market by property advisers Savills and JLL, carrying a guide price of €26 million.

This represents a net initial yield of 7.07 per cent (after standard purchasers’ costs) and a desirable price per square foot of €218 (or €2,346 per square metre).

Extending to about 119,213 square feet (11,075 square metres), the investment opportunity puts purchasers in ...