QRE Real Estate Advisers has successfully completed the off-market sale of 26 North Earl Street, Dublin 1, for €1.6 million. The property was sold with the benefit of vacant possession, offering substantial redevelopment and letting potential in a high-profile city-centre location.
The property comprises a mid-terrace commercial mixed-use building extending to approximately 4,000 sq. ft, arranged over four floors over basement. Located just off O’Connell Street and adjacent to the Clerys Quarter, it benefits from high levels of footfall and proximity to key retail and transport infrastructure.
Previously home to Anne’s Hot Bakery and most recently used as a restaurant on the ground floor and basement, the upper floors are in need of refurbishment. The property has the benefit of a grant of planning permission for the development of two 1-bedroom apartments and one 3-bedroom duplex apartment on the upper floors, enhancing its long-term repositioning potential.
QRE utilised its extensive database to identify and engage with qualified purchasers, specifically those with the capital and interest in refurbishing properties to add value, as well as those seeking owner-occupier restaurant opportunities with residential accommodation above.
This transaction follows QRE’s sale of 4 North Earl Street in 2024 for €1.3 million, further cementing the firm’s proven ability to deliver targeted, off-market sales strategies that maximise value for clients.
Brian Kelly of QRE Real Estate Advisers commented:
" The successful off-market sale of 26 North Earl Street demonstrates the continued demand for well-located city centre properties with strong footfall and repositioning potential. Investors and occupiers alike are seeking opportunities where they can add value through refurbishment or redevelopment, and this property offered exactly that. "
The identity of the purchaser and details of future plans for the building remain confidential.