North Dublin suburban office block available to be rented
Published 26/06/2016 | 02:30
Quinn Agnew has been retained to lease out a suburban office block in north Dublin. The company is acting as agent for office space at Woodford Court, Woodford Business Park in Santry, close to Dublin Airport.
According to the agents, Woodford Business Park is an established business estate strategically positioned immediately off the Swords Road via its intersection with Turnapin Lane which benefits from excellent transport links.
The property comprises a block of six adjoining self-contained office suites over two storeys substantially refurbished to "turnkey" specification laid out in a mixture of open plan and cellular configuration.
Quinn Agnew say that individual suites extend to 168 sq m (1,808 sq ft) and can be amalgamated to provide an optimum floor plate of 968 sq m. There is a minimum of six car parking spaces available with each suite.
The agent is quoting €180 per sq m and €750 per car parking space exclusive.
"The property affords perspective occupiers the opportunity to acquire fitted office space facilitating immediate access to Dublin Airport and the main arterial routes serving the country at competitive rates," said Quinn Agnew's Eoin O'Toole.
He added that he expects that the configuration of the development and floor plate options available will satisfy a multitude of corporate requirements.
The suburban office market has seen some improvement in recent months. Broker CBRE said there was 12,687 sq m of office transactions signed in the Dublin suburbs in the first three months of this year in 14 individual transactions with two thirds of this activity occurring in the south suburbs and the remainder occurring in the west suburbs.
"There were no lettings completed in the north suburbs in the first quarter. The letting of 2,648 sq m to Infosys Technologies at Citywest in the west suburbs was the largest letting to complete in the suburbs in the first quarter of this year.
The suburbs accounted for a quarter of overall take-up in Dublin in the first three months of this year, while the vacancy rate in the suburbs stood at 10.92pc at the end of the fourth quarter of 2016 having declined from 12.38pc quarter-on-quarter.
"More than half of all take-up in the suburbs in the first three months of 2016 comprised computer and high-tech tenants with business services occupiers accounting for 15pc of suburban take-up in the period," CBRE analysts wrote.
"Prime headline quoting rents in the south suburbs remain stable at approximately €296 per sq m at the end of the first quarter while rents in the north and west suburbs are at €161 per square metre and €151 per square metre respectively at the end of the first quarter," the CBRE team added.