Monday 24 April 2017

Offers in excess of €1.5m sought for property with retail potential in the heart of Dublin city

An aerial view of No 25 Wolfe Tone Street showing its proximity to both Henry Street and Parnell Street
An aerial view of No 25 Wolfe Tone Street showing its proximity to both Henry Street and Parnell Street
Ronald Quinlan

Ronald Quinlan

Agents CBRE are seeking offers over €1.5m for the ground floor unit of No 25, Wolfe Tone Street in Dublin city centre.

Extending to 15,757 sq ft (1,147 sq m), the property offers prospective purchasers the opportunity to secure retail and office space within a short walk of Parnell Street, Henry Street and Mary Street, all three of which are acknowledged as being at the heart of Dublin city centre's retail offering.

The building occupies an excellent location with approximately 34m of frontage on to Wolfe Tone Street.

The property is currently fully fitted out as office accommodation and consists of a flexible floor plate, large reception area with fitted roller shutters, meeting rooms, offices, kitchen, W/C, showers, changing facilities, intruder alarm and CCTV.

The building comes with raised access floors wired for power and data (Cat 5), suspended ceilings with Category 2 recessed lighting, and air-conditioning, and has dual rear access directly on to Jervis Lane Upper.

Currently vacant, the property is zoned Z5, which permits a variety of uses subject to planning permission.

The surrounding area is known for being home to Ireland's prime shopping districts with footfall levels typically surpassing 550,000 per week.

Apart from the Ilac and Jervis shopping centres, there is an excellent blend of occupiers in the area including Arnotts and Debenhams department stores, Penneys, Forever 21, Smyth's Toys, Toymaster, Cineworld, McDonald's, Nando's and The Church bar.

Nearby offices are occupied by AXA Insurance Headquarters, Workday, and Version 1 Software, as well as a range of government departments.

The property is easily accessible through a range of public transport options including the Luas Red line, which is just a five-minute walk away.

Alan Cusack, of CBRE, says: "Given the high demand for commercial space in Dublin city centre, this property affords a purchaser with a fantastic opportunity for a variety of uses including office, leisure, language school, restaurant or cafe, or retail subject to planning permission being obtained."

25, Wolfe Tone Street is being offered for sale by private treaty.

Sunday Independent

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