PERHAPS IT IS a sign of the times when a piece of prime real-estate in the heart of Dublin city centre where Fianna Fáil’s headquarters is based is up for sale for just €4 million for the last four months, with no sign of it being sold.
The party would not face immediate eviction if the five-storey building at 65-66 Lower Mount Street was sold with its 25-year lease unaffected by the potential sale.
The building includes the Fianna Fáil offices on the first floor which the former government party pays €157,000 annually to rent. Not surprisingly the number of people working there has decreased in recent years.
According to the notice posted on Daft.ie, the trustees of Fianna Fáil signed a 25-year lease on the offices in 2000 but the party has a break option on 1 October 2015.
Described as an “asset management opportunity” the building is the winner an Architectural Design Award from the Royal Institute of the Architects of Ireland.
The sale is being handled by the property services firm DTZ for the receiver David Carson from Deloitte.
It was developed around 1990 and comprises of 1,706 square metres or 18,363 square foot net internal floor area arranged over five floors above basement car parking which has 16 spaces.
“This is a modern office development with an interesting design of heavy granite base and red brick exterior with glazed curtain walling and steel balconies. The central projecting bay windows bring plenty of natural light to the building,” the notice says.
Notices of its availability have also been posted to Property.ie and Sherry FitzGerald.
A spokesperson for Fianna Fáil said that the party’s lease would be unaffected by any potential sale.
Hat tip: @duggan