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Eason Flagship O'Connoll Street Shop On The Market At €24.5M

Eason has reportedly put its O'Connoll Street store in Dublin on the market through agent Bannon at over €24.5 million.

According to The Irish Times, the seven storey building is being sold with a 25 year lease to Eason Ltd at an initial rent price of €1,341,500 a year.

The listing for the books and stationary store's building includes mentions of the 'fine carved limestone' exterior while mentioning the interior contains 'nominal features of historic relevance which would inhibit its future development capacity'.

'Disposal Programme'

The retailer announced last year that it was to sell 13 properties in the Republic which could generate a €60 million windfall.

Some €20 million of this would be transferred to its retail business, and the rest divided among its 220 shareholders.

Earlier this year, the group put its premises in Galway city centre on the market for in excess of €8 million, which is also for sale by way of a sale-and-lease over with a 25-year lease on the premises at a rent of €525,000 per annum.

© 2019 Checkout – your source for the latest Irish retail news. Article by Helen Galgey. Click sign-up to subscribe to Checkout.

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