Saturday 21 April 2018

'Substantial' Georgian building on sale for €1.5m

Tara Fitzsimons

QUINN Agnew are offering what they are describing as a "substantial" Georgian building with two interconnecting mews buildings and car parking for a total of €1.55m.

The buildings are at 32 Leeson Street in the heart of Dublin 2.

The main building extends to around 350 sqm, while the mews go as far as 230 sqm.

The properties are up for sale through a "best bids" process.

While they are being guided at €1.55m as one lot, they can also be sold separately. The main house can be had for €950,000, while the mews buildings can be taken for about €600,000.

Manus Agnew, who is acting as agent for the sale, said that even though the main building and mews have had separate occupiers in recent years they offer a "variety" of opportunities either for single occupiers or investors.

Alternatively they could be converted to residential use subject to planning permission.

The deadline for bids is March 13.

A number of Georgian- type houses have come on the market in recent days, a sign of the enduring popularity of that market.

Last week, two investment properties on Merrion Square and Molesworth Street came on the market with an asking price of more than €3m.

Those properties, which are receiver sales, include: number 12 Merrion Square, which is on the market for €1.95m.

That building itself dates from the 1760s, and was built for the linen manufacturer and MP for Lurgan William Brownlow.

Brownlow and his wife Catherine Hall married in 1765 and took up residence there after travelling in France for some time. More than £3,000 was reputedly spent on building and decorating the house – a huge sum for the time.

It is one of the largest of the houses on the northside of the square, and is described as being "palatial" in scale.

Like the building on Merrion Square, the Molesworth Street property is laid out to provide self-serviced office accommodation held under 10 short-term licences with the exception of the lease that is in place to Gorry Gallery from 1991.

The property is on the market for around €975,000.

Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business