Bruce College has secured €4 million - €800,000 above the original guide price - for an office building at Dame Court behind South Great George's Street in Dublin 2.
Martin O'Mahony of Property Team O'Mahony handled the sale of Dame Court House, a six-storey over basement building which has a floor area of 792.5 sq m (8,530 sq ft) and was occupied by Eircom before being sold to Bruce College about four years ago.
The new owner is the Centre of English Studies, which has been located in Dame Street.
Pub agency handled sales of €50 million in 2004
Pub specialist agency John P Younge last year handled bar sales of around €50 million - €10 million higher than the previous year.
The agency reports that the lending institutions are once again advancing loans of at least 65 to 70 per cent of the purchase price. In recent years loans have rarely exceeded 50 to 60 per cent of valuations.
Greystones restaurant to rent for €100,000 per year
Ganly Walters is seeking a tenant for a well-located restaurant at Main Street, Greystones, Co Wicklow. The agency is quoting a rent of €100,000 per annum for the 297 sq m (3,200 sq ft) restaurant which is located over the Burnaby Bar.
Georgian Society appeals plan for Mount Street office block
The Irish Georgian Society (IGS) has objected to developer David Arnold's plans to build a seven-storey office block on Mount Street Lower. Mr Arnold is seeking to demolish an existing five-storey office block at 54 to 57 Mount Street Lower and replace it with an office block comprising 6,810 sq m (73,300 sq ft ) of office accommodation at the junction of Lower Mount Street and Warrington Place.
Twenty-seven basement car-parking spaces and 45 bicycle spaces will be provided at basement level. The IGS has appealed Dublin City Council's decision to grant permission for the scheme on the grounds that it will have "detrimental impact" on Dublin's built heritage.
The office block would "disrupt" the unified streetscape and it may set a precedent for high buildings on the south side of Mount Street Lower, the IGS stated in its submission to the board.
