With mortgage rates still sliding, there is likely to be strong interest among private investors in three well-located Georgian buildings going for sale in Dublin. Joint agents Palmer McCormack and Insignia Richard Ellis Guinne are handling the sale of the four-storey over basement buildings which are owned by Markland Holdings and are in need of some refurbishment.
A price of over £1.6 million (€2.03m) is being sought for 57 Fitzwilliam Square, a mixed office and residential building with 5,586 sq ft. The sale includes a mews building on Pembroke Lane where there is further development potential. The agents are seeking over £750,000 (€952,300) for each of the terraced houses at 5 and 6 Upper Mount Street, which are also in need of upgrading. Both have pre-63 residential use and each has a floor area of 4,000 sq ft. Number 6 has established commercial use at basement level. Five garages to the rear, currently rented at £8,000 (€10,157) and with a rent review overdue, is expected to fetch around £200,000 (€253,950).