Dublin's Shelbourne House on market for €31m

A building with a price tag of €31m has gone on the market in the Dublin suburb of Ballsbridge.

Savills are selling Shelbourne House which is currently let to An Post, the Office of Public Works and the Malaysian Embassy.

The prime piece of real estate is currently being used as both an office and residential location.

The total rent for the property is approximately €1.6m per year.

The property extends to approximately 64,286 sq ft over seven floors.

Domhnaill O’Sullivan of Savills commented: "Given the central location of Shelbourne House within Ballsbridge, the high calibre of tenants, in conjunction with an investor appetite to undertake some refurbishments if tenants vacate and increase value through rental growth, we anticipate a strong level of interest in the property from both international and local investors."