In 2015, Sligo-based solicitor Damien Tansey acquired 78 & 80 Merrion Road, a pair of stately red-bricks in complete disrepair, and subsequently set about undertaking a mammoth refurbishment and restoration of the two.
According to The Irish Times,
they are both now complete and Tansey is retaining them as high-end rentals. Number 80 has already found a tenant, prior to being advertised, and now 78 Merrion Road is available to rent at €13,000 per month and will in all likelihood be the best property to hit Dublin’s rental market this year. See link below
Nicola Williams of Ballsbridge-based Bergins Estate Agents, who manage a range of high-end rental properties across Dublin’s best addresses, including Shrewsbury Road and Raglan Road, is managing the rental. Included in the monthly rent is the services of the landlord’s gardener, who will maintain the front and rear gardens throughout the tenancy.The house has been refurbished to what Tansey describes as “London standards” and prospective renters will find it difficult to disagree with that claim, as the standard of finish and attention to detail is second-to-none.
The finishes throughout, including the carpets, window dressings, cabinetry and fixtures, are all top-notch. Tansey, who has a keen eye for design and a real passion for period properties, took great interest in the refurbishment and was involved in the most minute of details. Sligo solicitor Damien Tansey
It’s not his first foray into property, having amassed a substantial property portfolio from a young age. By the age of 25, Tansey had already purchased three houses and that portfolio grew exponentially over the years to include significant commercial investments such as Apollo House on Tara Street.
Recognising the madness of Ireland’s property boom, Tansey cannily cashed out of his property investments in 2006 at the market’s height, and subsequently waited on the sidelines for the right moment to invest again.
While he had hoped it would be sooner, that moment came in 2015 with his €5.5 million purchase of the Merrion Road properties and mews houses to the rear. Having experience developing residential properties in the past, such as his family’s own magnificent Donnybrook base and also properties abroad in Portugal’s Algarve, Tansey was unfazed by the prospect of practically rebuilding the two houses.
Outside of Dublin, the rapid growth of Damien Tansey Solicitors, the Sligo-based practice headed by him and his son, has been the impetus for Tansey dipping his toes back into the commercial property market.
Along with his three sons, he has recently acquired the substantial former ESB offices on Castle Street in Sligo, to be renamed Embankment House, which they are in the process of refurbishing and reconfiguring to accommodate a new cafe, restaurant and retail uses at street level and four office suites on the floors above – one of which will be occupied by the Tanseys’ practice upon completion.
Read the full Irish Times article HERE