Its location at the junction of Eden Quay and Marlborough Street in a well-established business and amenity area, means it already earns a rental income of 120,000.

But with plans for the redevelopment of the Abbey Theatre and for a major transport overhaul in the vicinity, Robert Murphy, CBRE's director of investment sees great potential for increasing the income and for good capital appreciation.

The four-storey over basement building extends to 1393.8 sq m and was extensively redeveloped in the 1970s and now benefits from lift access to all floors and open plan office space. It sits on a site of c. 0.13 acres which is currently zoned Z5, encouraging redevelopment of the central area subject to planning permission. It's southfacing and overlooks the Liffey.

The building is currently producing in excess of 120,000 per annum with a further three vacant floors offering an immediate opportunity to substantially increase the rent roll.

Selling agent CBRE is guiding 12m for the freehold interest.

"With the proposed redevelopment of the Abbey Theatre and improving public transport, this building offers any purchaser immediate income in an area that will see significant capital upside in the foreseeable future, " says Murphy.

Agent: CBRE Gunne 01-6185576