So, judging by that criterion, Dun Laoghaire is one of the most attractive propositions on the commercial market.

Always popular for the scale and stock of its residential properties, Dun Laoghaire is also undergoing some spectacular commercial developments which are upping the scale of services throughout the town and its hinterland.

Indeed, outside of Georges St and some of the connecting smaller streets, and despite the presence of a shopping centre, Dun Laoghaire's commercial offering had been somewhat lagging behind its potential. That, however, can not be said to be the case now, with a number of high-profile developments either in the pipeline or under construction (in addition to what has already been built recently).

Projects such as the redevelopment of Carlisle Pier, the second phase of the Pavilion (which will include a new, flagship Hughes and Hughes shop), the creation of Harbour Square next to the Town Hall and, controversially, the future development of the Baths all point to a town which is primed for commercial activity.

Within all of this is the fairly rare opportunity to acquire a freehold title on a commercial property in this established commercial centre. And at what could be a reasonable price. No 8, Anglesea Buildings, located on Upper Georges St, is in the heart of Dun Laoghaire's older commercial hub. Currently in use as a stationery shop, the midterrace property comprises of a 122.4 sq m ground floor shop, with a further 65.02 sq m at first floor level. A small rear yard (which is accessed via Corrig Avenue) is also part of the title. Its current owner/occupiers have been in the building for nine years, and are relocating to city centre premises.

Suitable (subject to planning permission) for a variety of commercial uses (including restaurant, in this very fashionable dining spot), the downstairs area is in one unit, while upstairs is split into two offices with a kitchenette and wc/whb facilities. Pretty much what you would expect from an older commercial property on a well-established street, albeit one which has had its ups and downs along with the rest of the town.

The property will be sold by Lisney at public auction on 11 October and the Lisney head office on St Stephen's Green.

The AMV is 1.1m.

"It would be difficult to compare this price with any other in the recent past, because there have not been any similar freehold commercial properties sold in Dun Laoghaire recently, " said Emma Coffey of Lisney, pointing to the uniqueness of this particular opportunity. "And judging by similar sized units, I would expect rentals of around 70,000 per annum to be achievable."