Saturday 23 June 2018

Georgian gem at heart of sought-after Dublin office location for €1.25m

72 Lower Leeson Street is for sale with vacant possession
72 Lower Leeson Street is for sale with vacant possession
Ronald Quinlan

Ronald Quinlan

Agent Savills Ireland is guiding a price of €1.25m for 72 Lower Leeson Street - a 3,408 sq ft Georgian office premises at the heart of Dublin 2.

A four-storey over-basement building, the property - which is being sold with vacant possession - retains many of its original features including ornate fireplaces, wooden floors, coving and period windows.

The ground floor comprises a reception room and large feature boardroom, while the upper floors are laid out to provide a mixture of cellular offices and open-plan office space.

The lower ground floor has its own entrance from the street and currently provides storage space but could be used for office or residential space - subject to planning permission.

No 72 benefits from a bright entrance hall and modern additions such as shower facilities, a large kitchenette and WCs.

The property is located in the centre of Dublin's traditional Central Business District (CBD), which is still widely viewed as the capital's finest and most sought-after office location.

The area is already home to numerous of the country's leading professional firms with nearby occupiers including Aercap, Arthur Cox, PTSB and Kilroy Solicitors.

St Stephen's Green is located nearby, and the area offers a wide variety of amenities such as banking, bars, luxurious hotels, restaurants, cafes, convenience and grocery stores within a short walking distance.

The property is easily accessible using public transport with Pearse DART station, the Luas Green Line at St Stephen's Green and numerous Dublin Bus routes all serving the area.

With an asking price of €1.25m (€367 per sq ft), David O'Malley of Savills says the property represents "excellent value versus rental rates which are currently in the order of €40 per sq ft for Georgian properties in this location".

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