Landmark Bank of Ireland building sold for more than €10.5 million

The landmark Bank of Ireland building at 43 Eyre Square has been sold for in excess of €10.5 million.

The Irish Times reported this week that the building was sold to a private investor. It is understood the building guided at €10.5 million and sold for more than this.

Bank of Ireland occupies the building under a 25-year lease from November 2006 and will continue to be a tenant in the property. It is understood the bank currently pays €663,555 in rent annually for the premises.

The front of the building, which was constructed in the 1830s, is a protected structure. The premises also contain a four-storey modern extension to the rear, opening on to Rosemary Avenue.

The property was offered for sale by public tender in December.

DTZ Sherry FitzGerald handled the sale of the iconic building.

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