Iconic Portobello House has been sold for €10m
The iconic Portobello House at the top off Lower Rathmines Road Dublin 8 has been sold along with an adjoining sire for €10m, it is understood.
According to a report in The Irish Times, the Georgian House, which sits on the edge of the Grand Canal, by one of Dublin's biggest property developers, MKN Property Group.
The building and site was viewed by nearly 100 parties when it was put up for sale through Robert Corrigan and Peter Browne of Browne Corrigan Chartered Surveyors.
The building, which is currently being used for educational use, has an overall floor area of 2,476 sq m. What MKN intends to do with the property remains unclear.
Overall the house and its adjoining site produces an annual rent roll of €150,000.