28 & 29 Merrion Square (North Terrace), Holles Place & 28 Denzille Lane Mews, Dublin 2.

For Sale
1,405 sq m / 15,123 sq ft
PriceOn Application
  • Unique opportunity to acquire substantial Georgian portfolio
  • Superb views overlooking prestigious Merrion Square Gardens
  • For Sale by Private Treaty in a single lot (Tenants not Affected)
  • Buildings with 15 parking spaces (accessed off Holles Place)
  • Part vacant and part occupied – will suit both owner occupier and investors
  • We understand the properties are held Freehold
  • Guide price – €9.0M exclusive
  • BER Exempt

Full Description

HWBC are pleased to offer No 28 and 29 Merrion Square, car park and associated mews buildings for sale by private treaty representing a rare opportunity to acquire a prestigious Georgian portfolio on the northern terrace of Merrion Square which will appeal to both owner occupiers and investors seeking AM opportunities.

No 29 Merrion Square is ‘ready to go’ and available with vacant possession comprising a four-storey over basement, mid-terrace Georgian property of approximately 443 sq m (4,768 sq ft) net internal area. The building shares a car park to the rear with No 28 which provides secure parking with up to 15no. spaces. The property underwent a high-quality restoration in 2018 and presents in excellent condition whilst maintaining many of its original Georgian features including beautifully detailed cornicing and plasterwork, original fireplaces, sash windows and joinery. A bright and inviting entrance hall leads to 2 large rooms of grand proportions on both the ground and first floors with various open plan and smaller-sized rooms across the basement and upper floors. The building was also fitted out to provide tea station and shower facilities.

Holles Place Mews to the rear is accessed off Holles Place and comprises a self-contained, two storey mews of approximately 147 sq m (1,582 sq ft) net internal area with parking for 1-2 cars located to the front. This property has lots of charm and is currently vacant, fitted to provide predominantly open plan office/studio space with a meeting room, WCs and kitchenette with unique vaulted stores to the rear.

No 28 Merrion Square comprises an imposing 4 storey over basement, mid-terrace Georgian providing approximately 567 sq m (6,107 sq ft) net internal area with access to the rear car park also. The building is predominantly occupied (office use) with the added benefit of a large 2no. bedroom apartment on the Third Floor which is in good condition and available with vacant possession. The Irish Exporters currently occupy the Basement, Ground and First Floors under two separate leases at a total passing rent of €116,752 pa (both leases due to expire 29th November 2024). The Second Floor is let to Vroom Digital on a 4 year 9 month lease expiring 8th October 2022 at a passing rent of €33,500pa. The tenant also has a break option in January 2021 subject to 6 months notice only.

28 Denzille Lane Mews comprises a two storey, self-contained mews to the rear of the car park extending to 248 sq m (2,673 sq ft) nia with internal garage allowing for 2no. parking spaces. The property is  currently let to Ciniflix Ltd. under a 4 year 9 month lease which will expire on the 15th December 2022 at a passing rent of €56,000 pa. Whilst the tenant utilises access off Denzille Lane, the property can also be accessed off the car park to the front.

The properties are conveniently located on the northern terrace of Merrion Square, close to its junction with Holles Place in the heart of Dublin 2’s finest Georgian Quarter. Merrion Square highly accessible and within walking distance of all major public transport links including the DART rail service on Westland Row, LUAS ‘cross city’ from Dawson Street connecting the north and south suburbs and multiple Dublin Bus, Dublin Bike stations and Aircoach services running along Merrion Square.

This historic area is well established and recognised by its landmark occupiers including Government buildings, The National Gallery of Ireland, The Merrion Hotel, The Natural History Museum and The National Maternity Hospital. There are an abundance of leisure, hotel, food and beverage offerings in the immediate area with the popular Baggot Street and Merrion Row just minutes walking distance. Local occupiers also enjoy the unique facility of Merrion Square gardens which is host to numerous social events and food markets throughout the year.

HWBC is guiding a price of €9.0M exclusive for the entire offering (individual sales will not be considered). Please contact Emma Murphy or Paul Scannell of HWBC (sole agents) for further information or to arrange an inspection.

Subject to Contract/Contract Denied/Without Prejudice

(The information provided should be treated as an outline summary of tenancy position and subject to confirmation. Areas provided are indicative and subject to purchasers DD in the normal manner).

 

Subject to Contract/Contract Denied

Property Contacts

Emma Murphy

Divisional Director

Email: emurphy@hwbc.ie

01-775 051901-775 0519

Paul Scannell

Director

Email: pscannell@hwbc.ie

01-775 052701-775 0527

Conor Kevany

Director

Email: ckevany@hwbc.ie

01-775 050601-775 0506