A vacant Georgian property at 26 Harcourt Street, Dublin 2, has come on the market with an indicative price of 1.3 million euros.
Located in one of Dublin’s main office and entertainment districtsit’s just 250 meters from St Stephen’s Green.
Brian Kelly of QRE Sales Agents says the property comprises a four-storey basement to mid-terrace building spanning a net interior area of approximately 3,900 square feet, with a small courtyard to the rear.
The building benefits from an educational use following a change of office assignment in 2009 and recently been used as a language school.
“Education planning is hard to come by among Georgians these days, so it’s rare to find one, so it’s a solid fundamental for an investor,” Kelly says.
“There are several active educational users and language schools looking for space now that the Covid restrictions have ended.”
A protected structure, the property is zoned ‘Z8’ and is suitable for a variety of uses including hotel, medical, office and residential.
Although it would benefit from some minor refurbishment, it offers asset management opportunities.
“Given the prime location and capital value of around €333 per square foot, this is likely to appeal to a variety of investors or occupiers looking for a property in a highly sought after location. “said Mr. Kelly.
Harcourt Street is also the location of a number of hotels including The Dean, Russell Court, Harcourt and Iveagh.