Savills have been instructed on behalf of Ned Murphy as Receiver,
Moore Stephens Nathans to sell office buildings 57-59 South Mall and
car park at Margaret Street with the benefit of the existing tenancies
in place.
The guide price for the entire property including the car park is €1.5
million exclusive.
57-59 South Mall occupy a prominent position on the western end of the
South Mall (CBD) opposite Bank of Ireland. Extending in total to circa
14,500SF this is a substantial block of property to come to the market
and is a rare opportunity to acquire properties of this scale on the
South Mall.
The total income currently generated from the buildings is circa
€142,000pa. The income from the car park is €22,500pa and it extends
to approximately 0.14acres.
Occupied portion of the buildings are let to three long established
businesses O’ Flynn Exhams Solicitors, TJ Hegarty & Son Solicitors and
Dineen Financial Ltd.
Savills say this offering is an opportunity to purchase a substantial
office property and car park – an investment which gives guaranteed
income and potential rental uplift once the unoccupied portion has
been rented.
