Colliers has successfully completed the sale of 54 Dawson Street, Dublin 2, achieving a final price of €3.25 million, approximately 15% above the guide price of €2.85 million. The sale reflects a net initial yield of around 5.31% and highlights sustained investor appetite for high-quality mixed-use assets in prime city locations.

Occupying a prime position on one of Dublin’s most established commercial streets, the four-storey over-basement building extends to 4,882 sq. ft. (NIA) and is fully let to a diverse mix of reputable tenants. Current occupiers include Pret A Manger, Fusion Recruitment, Paulson Management Ireland Ltd, and Deighton Infrastructure Management Ltd, ensuring a stable and secure income profile. The property benefits from immediate access to the Dawson LUAS stop and sits close to major retail and hospitality brands such as The Ivy Café, Marco Pierre White, Arket, and Hodges Figgis.

The transaction attracted particularly strong interest from local high-net-worth investors, reflecting continued confidence in Dublin’s core investment market. Stephen Conway of Colliers, who handled the sale, noted that the process was completed within eight weeks of launch, a clear indicator of the competitive environment for premium urban assets.

“The property saw exceptionally strong demand, driven by its combination of secure income, strong covenants, and long-term reversionary potential,” Conway said. “These factors made it a compelling opportunity in a market where prime assets remain limited.”

The result underscores the resilience of Dublin’s city centre investment landscape, where well-located, income-producing properties continue to command premiums above guide. With rising competition for secure, long-term assets, 54 Dawson Street stands as a strong example of sustained investor confidence in Dublin’s commercial property sector.

Explore the full article for deeper insights into Dublin’s strengthening investment landscape.