Commercial Property

City centre Georgian for €950,000 could be a fine townhouse

South Frederick Street house currently in offices and gallery use

24 South Frederick Street, Dublin 2, home of the Doorway Gallery

Tue Mar 27 2018 - 16:30

A city centre Georgian office building with a handsome ground floor gallery and three floors of offices overhead looks set to attract considerable attention when it goes on the market through Herlihy Auctioneers.

While number 24 South Frederick Street is being sold as an investment property, the fact that there are break clauses in the office leases over the coming 24 months may open the way for the house to be returned to residential use.

Herlihy Auctioneers is guiding €950,000 for the house, which extends to 260sq m (2,800 sq ft) and currently produces a rental income of €67,000. The basement and ground floor host the Doorway Gallery under a three-year lease.

The 18th-century street is one of the most charming locations in the city centre, within minutes’ walk of the Dáil, the National Gallery and the new AIB headquarters. The house for sale boasts period features throughout, including the original doors, banisters and fireplaces. There is a small yard to the rear.

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