Thursday 18 October 2018

€1.25m sought for Lower Mount St Georgian offices

62 Lower Mount St
62 Lower Mount St
Ronald Quinlan

Ronald Quinlan

Joint agents Lisney and Savills are seeking offers in the region of €1.25m for No 62 Lower Mount Street, an attractive Georgian office building located within a short walk from Merrion Square in Dublin city centre.

The property briefly comprises four stories over basement level with a single storey garden level return which extends to approximately 258sq m (2,780sq ft). The accommodation is bright and spacious and the property includes a small yard to the rear.

The surrounding area is home to many corporate and state occupiers including Google, the National Maternity Hospital at Holles Street and Bord Bia.

The subject property is readily accessible by public transport, with the Dart at Pearse Street, Luas green line and numerous bus routes as well as a Dublin bike station at Merrion Square all located within a short distance of the property. The property is 100pc let to four separate occupiers and is currently producing just over €70,000 per annum.

It presents a fully income producing investment opportunity with asset management potential in the short to medium term. At the guide price of €1.25m it equates to capital value of less than €450 per sq ft.

Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business