Agent Colliers is guiding a price of €4.4 million for a prime Georgian office investment and modern mews building on Merrion Square in Dublin city centre.
Number 46 Merrion Square is occupied by three tenants currently and producing total rental income of €225,240 annually. The leases for the Association of Consulting Engineers of Ireland , the Institute for Study Abroad and Two Ten Health who were acquired by Titanium Solutions Limited all have short unexpired terms. The ACEI and Two Ten Health leases expire in September 2024 while the Institute for Study Abroad lease expires in August 2023.
Number 46 Merrion Square extends to a net internal area of 5,667 sq ft and retains many of its original period features including its cornicing, sash windows and shutters, ornate fireplaces and ceiling roses. The two-storey mews – 46 Stephen’s Place – extends to a net internal area of 2,286sq ft and is accessed via Stephen’s Place.
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