Two period office properties for sale
Two period office buildings with investment potential in Dublin's central business district are for sale at prices ranging from €525,000.
The largest of them is 23 Earlsfort Terrace, Dublin 2, a Victorian property extending to 290sqm. It includes five floors of offices along with a duplex apartment to the rear. Agents GVA Donal O Buachalla is quoting €610,000 for them.
While the upper floors are in good condition the basement and the apartment require upgrading.
The second property is 16 Pembroke Street Upper, on the high-profile corner of Leeson Street Lower and Pembroke Street Upper. It extends to 190sqm and comprises a four-storey over-basement Georgian property currently in office use and in good condition throughout.
The upper floors are let on a short-term lease producing €29,400 a year. The ground floor and basement floors can be offered with vacant possession or a short-term lease can be agreed upon with the current occupier.
Lisa McInerney of GVA says both properties offer attractive asset management opportunities with potential to increase the rent roll.