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News Release

Dublin

Delivering Value on both sides of the Liffey

Jones Lang LaSalle are excited to bring to the market a wide range of office and retail properties spread throughout Dublin City


Competitively priced and centrally located, these properties include a diverse mix of retail and office properties, all of which are available For Sale in one or more lots, and include diverse locations ranging from Rathmines to Cork Street. Notable office properties include La Touche House, a three storey office building of approximately 7,981 sq ft, with strong potential for alternative development uses given its Z1 Residential Zoning.  Also available are two adjoining buildings; a fully let chiropractor producing €28,500 p.a. on new 5 year leases agreed from January 2013, and a highly prominent café unit directly overlooking Portobello Bridge. Available in one or more lots, this represents an excellent asset management opportunity for an investor/developer looking to acquire a central location immediately beside Dublin’s famous Grand Canal. The preference is to sell all three properties as a single lot, together with 6 car parking spaces, with a total guide price of €1.295 million.


More centrally located is La Rochelle, a two storey ground floor retail unit which benefits from a Restaurant Use in the heart of Dublin City; available for a guide price of €350,000, La Rochelle provides a total of 3,068 sq ft of retail space over two floors, directly fronting the high volume pedestrian and vehiclular traffic of Cornmarket Street.


North of the river, keenly priced at €250,000, 100 Blackhall Square is a fully fitted, self-contained office extending to approximately 2,355 sq ft over three floors positioned immediately east of the Law Society of Ireland, and represents an ideal opportunity for a small professional practice looking to acquire their own office within walking distance of the Four Courts, or a builder/developer seeking a change of use to residential use.

From an investment perspective, and positioned immediately beside O’Connell Street, 108/109 Parnell Street stands out as a highly sought after retail location, recently let at €30,000 per annum on a ten year lease from April 2013. The new tenant is currently in the process of refurbishing the property as a convenience store. Jones Lang LaSalle are seeking €315,000 for this centrally located investment.

Other opportunities include two separate properties based on Cork Street, one of Dublin’s principal arterial routes. Reuben House is a 5 storey modern commercial property extending to 6,092 sq ft, and includes 6 car spaces. The property was developed as offices with one floor fully fitted and formerly in use as an architectural practice. Priced at €400,000, the property is capable of being converted to residential use (subject to planning).

 
90-97 Cork Street comprises four retail units based on the corner of Cork Street, which are suitable for a wide variety of uses (subject to planning). In addition to the ground floor retail units, purchasers will benefit from an immediate income stream from the first floor offices, which are fully let to VIP Taxi and Courier Services Limited at a current rent receivable of €38,204 per annum, with over four years remaining on the lease. Jones Lang LaSalle are seeking €650,000 for the entire as a single lot.​