Prominent building on Harcourt Street for €2.5m

A prominent period building, plus an annex, in the heart of an area primed for redevelopment has come to the market seeking €2.5 million.

Number 83 Harcourt Street, in Dublin’s city centre, is a four-storey over basement, end of terrace Georgian building, located close to the Iveagh Gardens near St Stephen’s Green South. The building extends to 2,393sq ft, and the sale includes the period annex building on 1 Clonmel Street, bringing the total internal space up to about 4,820sq ft.

The building is being brought to market by Knight Frank.

Of traditional brick and masonry wall construction, number 83 has suspended timber stairs and quality flooring throughout, with generally plastered and painted walls. The building displays attractive period features including an impressive hallway, generous floor-to-ceiling height, ornate cornice, coving and provides office accommodation over four floors.

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The annex building on 1 Clonmel Street comprises a two-storey-over-basement structure of about 1,881sq ft, with a generous courtyard to the rear. The building, formerly a creche, is of conventional concrete construction and fronts onto Clonmel Street, overlooking the Iveagh Gardens. In its current configuration, the basement of 83 Harcourt Street forms part of 1 Clonmel Street.

The property is for sale with the benefit of vacant possession and it’s understood that VAT is not applicable to the transaction.

Located off the east side of Harcourt Street, between the junctions of St Stephen's Green South and Clonmel Street, the property is close to several transport links, including the Luas, Dart, Dublin Bus and Aircoach.

Development

The area, close to a range of prominent business occupiers as well as residential, cultural and hospitality amenities, is primed for major development over the coming years.

KPMG is set to move from its base at the end of the road to the regional Garda headquarters further up the street, as part of a deal with Hibernia Reit to occupy the redeveloped location. The professional services firm is set to move in by 2026, with its old headquarters also set for a revamp by US investor Kennedy Wilson.