News
Historic city buildings on the market for €3m
Two landmark city centre buildings – which have more than 650 years of history between them – have been put up for sale.
The Bridge Mills at the junction of Bridge Street and Dominick Street – which is almost 450 years old – and Hibernian House, which dates back to the early 1800s, are being sold separately with a combined price tag of more than €3 million.
The former flour mill, which was restored by owner Frank Heneghan in 1988, now boasts more than 680 square metres of space, has a price tag of €1.3m and is being sold by Quadrant Real Estate.
It currently houses two language schools, shops and a restaurant over four levels and has an annual rent from the seven tenants of almost €120,000.
Meanwhile, Hibernian House – parts of which date back to the early 1800s – has been put on the market by its owners, Hibernian Insurance Trust (Aviva).
The price tag is €2.75m, and it has an overall rent roll at present of more than €184,000 per annum.
The building extends to five floors – the ground floor is let to the newly-opened Dealz store, while part of the first floor is let, along with all of the third floor.
Auctioneers DTZ believe that if fully let, the building could attract an annual income of €300,000.
While parts of the building date back more than 200 years – when it served as a gentleman’s County Club for more than a century – the majority of the original building was demolished in the early 1970s.