The development, at 2 Convent Road and 19/20 St Patrick's Road, features a striking glass, redbrick and aluminium facade and extends over 641 square metres.

The first block comprises three ground-floor retail units and four first- and secondfloor duplex apartments, three of them with balconies. A courtyard to the rear includes three parking spaces. The second block, comprises two townhouses with wraparound balconies and has been constructed over a six-space underground car park.

All the retail units are currently let on 25-year leases from 2005, with five-yearly, upward-only rent reviews, and are currently producing 91,000 a year. Each retail unit benefits from one designated car space. The retail tenants are trading as Il Primo Restaurant, My Lily, and Lennox Estates.

The duplex apartments and one townhouse are let on 12month tenancies producing 105,000 a year. One of the townhouses has been left vacant to facilitate viewings, so there is an immediate opportunity to increase income by letting this.

The residential units are fully furnished and fitted out to a high standard including Neff kitchens, integrated fridge-freezers, washer-driers and washing machines.

Gas-fired under-floor heating is provided upstairs with radiators downstairs. There are American Oak hardwood floors throughout. All residential contents are included in the sale.

The residential aspect alone is probably worth 4.5m, so if you were to take that off the the 6.5m AMV, it would leave you with about a 4.1% yield on your retail, " says Jackie Brennan of HOK's investment division. ?So, looking ahead, an investor has options and could sell off different parts of the development. The fact that all the leases are for 25 years means you have the kind of guaranteed income that will impress the bank manager if you're looking for a mortgage."