Commercial Property

Smiles Dental building on Dublin’s O’Connell Street on sale for €3.5m

The property, which is next door to the Clerys Quarter in Dublin 1, is subject to an upward only passing rent of €160,000 per annum exclusive with no break clause

A Smiles Dental outlet on O’Connell Street is being sold through agent Stephen McCarthy at Savills guiding €3.5 million.

Savills has been instructed to sell a retail/healthcare investment located next door to the Clerys Quarter on O’Connell Street in Dublin 1.

The entire property is leased to Xenon Dental Services trading as Smiles Dental, which is part of the global health care group British United Provident Association (Bupa). It is held on a 35-year full repairing and insuring (FRI) lease for a term of 35 years from April 26, 2006 subject to an upward ...