Georgian office sells for above its guide price

40 Fitzwilliam Square had been guiding €2 million but sold for €2.1 million

40 Fitzwilliam Square in Dublin 2
40 Fitzwilliam Square in Dublin 2

A Georgian office investment at 40 Fitzwilliam Square in Dublin 2 has been sold for €100,000 above its guide price.

Colliers International had been guiding €2 million for the well-presented four-storey-over-basement property but it eventually sold for €2.1 million.

Richard Bielenberg of the selling agents says the sale price equates to €5,466 per sq m (€507.80 per sq ft).

The sale provides further evidence of the recovery in capital values in the Georgian market which has been under way for about two years.

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40 Fitzwilliam Square has 384.2sq m (4,135sq ft) of space and includes a two-bedroom apartment and five car-parking spaces on Laverty Court to the rear.