Ir­ish eyes aren’t smilin’ as re­ceivers sell Tara House

The Courier-Mail - - PRIME SITE - CHRIS HERDE

THE her­itage-listed Tara House in the CBD has changed hands for the first time in al­most 100 years.

A lo­cal pri­vate in­vestor paid $8.1 mil­lion for the build­ing at 179 El­iz­a­beth St that was sold by the Queens­land Ir­ish As­so­ci­a­tion’s liq­uida­tors David Clout and As­so­ci­ates.

The 2200sq m build­ing fea­tures clas­sic de­tail­ing and ar­chi­tec­tural de­sign and was mar­keted by Knight Frank’s Justin Bond and Tom O’Driscoll.

Mr Bond said the prop­erty was for­mally mar­keted over the past month, and re­ceived mul­ti­ple in­quiries.

Sources said it was not known what the new buy­ers want to do with build­ing.

Mr O’Driscoll said: “This trans­ac­tion sees its first change of hands in over 97 years. The prop­erty has sig­nif­i­cant cul­tural her­itage and at­tributes and por­trays a very rare of­fer­ing in Bris­bane’s CBD.”

The pair also mar­keted a 2310sq m three-storey her­itage of­fice build­ing at 171 El­iz­a­beth St that was owned by Eu­gene Es­monde’s Ade­laide In­vest­ments.

It was mar­keted for its de- vel­op­ment po­ten­tial in tan­dem with Tara House.

They are also sell­ing lux­ury menswear re­tailer Mitchell Ogilvie’s her­itage-listed Perkins Brew­ery build­ing at 138 Mary St with a price tag of about $20 mil­lion.

The cam­paign ends next Thurs­day.

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