An investment property on Capel Street, Dublin, with links to the arts and media sector has come to the market with a €2m guide price.
Award-winning photographer and film maker Perry Ogden has hosted famous people such as Jerry Hall, John Hurt and Malcolm McLaren of Sex Pistols fame at the premises at 133-136 Capel St. Now he is selling the upper three floors of the 824 sqm premises as he is seeking a suburban home with more space for his young family.
He has been living on the top floor and is generating rent from four tenants who occupy the other two upper floors in the four-storey premises.
The ground floor is owned by another person who is believed to have paid €1.5m for it which is not included in this sale.
Vincent Mullen of DNG is guiding €2m for Mr Ogden’s share of the premises. Mr Mullen estimates that the combination of rents generated from the current tenants and the potential rent that could be generated from the top floor when Mr Ogden vacates it, could amount to €154,800 per annum.
Ogden told the Irish Independent that the open plan New York-style loft area on the top floor originally attracted him to buy the units in a piecemeal process over a number of years. As it has two bathrooms and kitchens, the top floor could be relatively easily converted into two flats if an investor wished.
There is a cultural history to the premises as at least two of the tenants are also in the media business.
Also at ground floor level is an entrance at 133 Capel Street which leads to the rear where John McColgan and Moya Doherty owned a property formerly known as Boland’s Bakery where they rehearsed the Riverdance show before it was launched on Eurovision.
In 2018 Cathedral Leisure Limited, part of the Northern Ireland hotel operator Beannchor Group, applied for planning permission for a 98-bedroom hotel on the bakery site.
As well as having photographs published in international fashion magazines, Mr Ogden’s first film Pavee Lackeen (The Traveller Girl) won numerous awards around the world including the Satyajit Ray award for Best First Film at the London Film Festival and the Irish Film & Television Award for Best Film.