Investments: A guide of €1.2 million is suggested for the freehold interest of a four-storey over basement office block in central Dublin.
Eden House sits on the corner of Eden Quay and Marlborough Street, only a short walk from O'Connell Bridge.
The building extends to 1,394sq m (15,005sq ft) and underwent extensive redevelopment in the 1970s, providing lift access to all floors and a modern open-plan layout.
The building offers an immediate income and currently produces €12,000 per annum. There are a further three vacant floors, however, so there is considerable scope to increase rental returns.
Its location and aspect are particular appealing. It would be difficult to get a more central location and the building faces south, overlooking the Liffey.
"With the proposed redevelopment of the Abbey Theatre and improving public transport, this building offers a purchaser immediate income in an area that will see significant capital upside in the foreseeable future," said Robert Murphy of selling agent CBRE.