THE Irish Press building at Burgh Quay, Dublin 2, is shortly to be offered for sale by the liquidator, Tom Grace. The 40,000-square-foot block is in need of considerable refurbishment and dates from the 1970s. It is expected to make about £2 million. In the meantime, Lisney is to offer two other Irish Press properties for sale by tender on February 22nd. The first of these is a group of adjoining two-storey and three-storey buildings at the corner of Exchange Place and Poolbeg Street. They adjoin Mulligans bar and have been used as storerooms and offices. The buildings have a floor area of 5,500 square feet and are located in a designated area. No guideline price is being provided but the property should make in the region of £150,000 to £200,000.
Lisney is also seeking a buyer for a garage and warehouse at the rear of the Point Depot in Upper Sheriff Street, Dublin I. The property is held under a lease from CIE for 21 years. The rent is currently £24,000 per annum but the lease has the benefit of rental income of £25,300 from the adjoining warehouse, which is let to Gypsum Industries.