Commercial Property

Two retail units in Dundrum and Rathfarnam sold for premium prices

Prices reflect continued appetite for smaller lot sizes

16 Pembroke Cottages in Dundrum in Dublin 14 sold for €505,000, some €65,000 or 13.75 per cent more than its €440,000 asking price set in October 2023

QRE has recently sold two retail units in Dundrum and Rathfarnham in south Dublin for premium prices which reflects the private Irish investor’s current appetite for small lot sizes.

No 16 Pembroke Cottages in Dundrum was sold for €505,000 after quoting €440,000 in October 2023, showing a net initial yield of 6.3 per cent. The 100 square metre property in the heart of Dundrum village was leased in its entire to a high-end salon occupier ...