Grafton Street’s ‘Bus Stop’ sells for almost €3.4m – Irish Times
Signature Capital, the Irish-German real estate investment company, has bought the Bus Stop newsagents shop at 6 Grafton Street in Dublin 2 for almost €3.5 million.
The investment will show an initial yield of 6.5 per cent.
Although the selling price once again reflects the significant fall in capital values that has taken place on Grafton Street as well as at most other retail destinations since the property crash, the sale comes just as the Lisney rental indices has shown that the retail sector has recorded its first rental increase since March, 2008.
Lena Clarke of Lisney says the study shows that overall retail rents have increased by 5.2 per cent over the first three months of this year and by 1 per cent on an annualised basis.
Most of this growth has emanated from the prime streets with rents on Henry Street showing the biggest increase.