#PROPERTY HQ– The Irish Times reports that the Dublin based former headquarters of the Commissioners for Irish Lights are to be offered for sale at €2.85 million on the instructions of Nama – a 89 per cent per cent drop on the €26 million paid for the block in 2006 by Pembroke Partnership.
Wesley Rothwell of CBRE says the building, (located on 16-19 Pembroke Street in Dublin 2), has not been occupied since it was sold, is now in need of extensive refurbishment.
The property became redundant when the Commissioners relocated in 2008 to a brand new custom-built HQ on the waterfront within Dun Laoghaire Harbour. As previously reported on Afloat.ie, the distinctive landmark building is to be open to the public next Sunday as part of the Open House Dublin Weekend.