Two Dublin Georgian office buildings at the centre of the Custom House Capital scandal are to be offered for sale at €1.1 million – far from the €4.5 million paid for them before the property crash in February 2006.
Ross Shorten of Lisney is marketing the interconnecting buildings overlooking the Liffey at 22/23 Eden Quay which were used as offices by Custom House Capital. The latter was wound up in 2011 after a High Court investigation by two Central Bank inspectors found the “systematic and deliberate misuse” of €66 million of clients’ money to cover shortfalls in European property investments.
The two buildings are interconnected at all levels, extend to 762sq m (8,200sq ft) and are suitable for a variety of uses including showrooms, retail, offices, restaurant and hostel accommodation. The buildings are located between O’ Connell Street and Liberty Hall.