Quinn puts O'Connell Street site on market
Published 06/02/2013 | 04:00
QUINN Insurance is selling its former flagship outlet on Dublin's O'Connell Street and is hoping to achieve €600,000 from the sale.
Alternatively, the premises are available to let at a rent of €70,000 a year.
The company, which had been part of Sean Quinn's group, is now being run by administrators Grant Thornton.
The property, with an address of 9 Lower O'Connell Street, had been occupied by Liberty Insurance for a year after it had acquired the general and motor parts of Quinn Insurance.
Quinn's health insurance and life insurance were sold separately.
Liberty left the building when its 12-month lease ended in December.
Located next to The Grand Central pub, at the corner of Lower Abbey Street, the property is also close to Bank of Ireland and Ulster Bank branches.
It comprises a five-storey over-basement mid-terrace building on the east side of O'Connell Street.
Agent Shane Cahir of CBRE says the building extends to a total net internal floor area of 560.6sqm, of which 71.4sqm is available at ground-floor level.
As well as its ground floor suiting retail uses, upper floors are suitable for office use. The property is also near Clerys department store, Pennys and many bus and Luas routes.