Saturday 25 March 2017

Investments in Dublin 2 for €2.4m

Colliers is quoting €2.4m for these two Georgian properties at 14 and 15 Herbert Place in Dublin 2.
Colliers is quoting €2.4m for these two Georgian properties at 14 and 15 Herbert Place in Dublin 2.
Peter Flanagan

Peter Flanagan

Two Georgian office blocks in the centre of Dublin have been put on the market through Colliers with an asking price of close to €2.4m.

The two properties at 14 and 15 Herbert Place comprise two mid terrace, three storey over garden level Georgian buildings with a mews and parking to the rear.

The properties are said to have been well maintained throughout, retaining many original features with attractive cornicing, ornate fireplaces and ceiling roses throughout.

The building at number 14 is made up of three spacious, recently refurbished apartments, comprising two one bedroom and one two bed apartment.

The upper floors of No. 15 are in office use and held under two separate leases.

The mews to the rear, accessed via Herbert Lane, is described as having been substantially refurbished and provides modern, stylish office accommodation. The accommodation also includes a crèche on the garden level of both buildings.

The agents believe that the properties are "ideally situated in the heart of Dublin 2".

The property is producing €150,405 per annum and provides a weighted average unexpired lease term of an estimated 7.27 years.

Stephen Conway of Colliers International who us handling the sale commented: "This is an opportunity to acquire a prime commercial and residential investment with an excellent tenant mix in a key city centre location."

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