D2 Georgian and mews for €4.5m

Investments DTZ Sherry FitzGerald is quoting €4

InvestmentsDTZ Sherry FitzGerald is quoting €4.5 million for a well presented Georgian office building at 62 Lower Baggot Street, Dublin 2, and a rear mews at 3 Convent Close.

The four-storey over basement mid-terrace building is let to Hays Personnel Services on a 15-year lease from 1998 while the basement is occupied by Beacon Studios on a 15-year lease from 2000.

The overall rent from the 338.48sq m (3,643sq ft) building is €134,750.

Both leases have break clauses in year 10.

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Lisa McInerney of DTZ says the vendor has carried out major refurbishment works on the house while carefully restoring many of the Georgian features.

The basement is laid out as a high-spec studio.

The mews at the rear is being offered for sale either vacant or with a short term lease to MPM at a proposed rent of €50,000.

As well as the three-storey, 95.57sq m (1,029sq ft) mews there are seven car-parking spaces at the rear.