New Tenant Secured at 83-87 Ranelagh Main Street
Bannon are delighted to have secured Xtremepush as a tenant at 83-87 Ranelagh Main Street. Xtremepush who are a mobile app analytics company will occupy 2,157 sq ft on the first floor. The letting was agreed on a 10 year term and is understood to have achieved in the region of €60,000 per annum. The […]
House prices nationwide continue upward trend in second quarter of 2017
House prices over the past year have risen by more than €2,000 a month nationally, according to the latest report from property website Daft.ie. Nationally, the average asking price has risen by 46.2% – or just under €76,000 – since their lowest point in 2013. The national average list price during the second quarter of 2017 […]
Irish retail stock weathering revolution in shopping habits
Fears about the future of global retail are permeating all markets, and no more so than the property sector. Foremost among concerns is the impact of the internet and autonomous private vehicles and drones and other autonomous delivery systems. These issues have and will continue to have an impact on the role of the lowly […]
Shopping Centre Portfolio – Performance Snapshot Q1 2017
“Footfall across the Bannon portfolio was +0.65% in Q1 2017” Our last quarterly update (Q4 2016) showed a strong close to 2016 for the Bannon Shopping Centre Portfolio with total footfall growth of 0.85% and total turnover growth of 3.45%. The portfolio consists of regional shopping centres in various locations across the country. The first […]
Retail warehouse in Letterkenny for sale for €3.7m
Commercial agents Bannon are quoting €3.7 million for a high-profile retail warehouse investment at Letterkenny, Co Donegal, which it said will provide a net income yield of 11%. The 2,804 sq.m (30,203 sq.ft) warehouse is occupied by Currys PCWorld and Crown Paints at a combined current rent of €428,000 and a weighted average lease term […]
Purchase of No. 49/50 Mary Street, Dublin 1
Daniel McLaughlin of Bannon has recently acquired No. 49/50 Mary Street, Dublin 1 on behalf of a private investor. The mixed use freehold property is understood to be producing a rental income of €182,000 per annum with a WAULT over 12 years. The property comprises of a three storey over basement mid-terrace building extending to […]
