19-24 St Andrew’s Street, a landmark office building in the heart of Dublin, has been placed on the market with a guide price of €9.5m. The sale is being handled by property advisor, Savills Ireland.
19 – 24 St. Andrew Street is an art-deco style building on a site of approximately 0.08 Ha (0.20 Ac) located opposite the iconic St. Andrew’s Church and Molly Malone statue, just 100m from Grafton Street – Dublin’s prime shopping thoroughfare.
The entire building measures approx. 1,965 sq. m. (21,160 sq. ft.) – excluding basement – and offers a wide range of potential uses, including office, food & beverage, residential or retail subject to the necessary planning permission.
The subject property is zoned Z5 – City Centre under the draft Dublin City Council Development Plan 2022-2028 - “to consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity”.
Built in 1948 to replace the original Post Office building that was on Church Lane, 19 - 24 St. Andrew Street is a four storey over basement, seven bay art deco style building with granite façade. The Post Office, located on the ground floor of the building, is one of Dublin’s busiest post offices and the entire property on the list of Protected Structures (Ref No. 7569).
The ground floor is predominantly occupied by An Post, with a separate entrance to the offices overhead. The first, second and third floors currently comprise of a mix of open plan and cellular offices, with plant machinery and storage spaces available in the substantial basement space. The property benefits from generous ceiling heights ranging from 2.6m to 4.2m.
The building is currently owned and occupied by An Post, and is being marketed for sale with the benefit of a 25-year agreement for lease to An Post on the ground floor and basement (part) with the benefit of vacant possession of the upper floors and remaining basement.
Andrew Sherry from Savills commented:
“This landmark building will attract developers and investors alike, who have an interest in this opportunity and will be driven by the sought after and established location with strong office, food & beverage and retail presence in the immediate area with excellent connectivity.”