Savills have been instructed to sell office buildings 57-59 South Mall and car park at Margaret Street with the benefit of the existing tenancies in place.
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.
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
Offering a rare opportunity to purchase a substantial office property and car park this investment gives guaranteed income and potential rental uplift once the unoccupied portion has been rented.
The guide price for the entire property including the car park is €1.5 million exclusive.