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