Friday 23 March 2018

D2 block on market

Shelbourne Development is selling its mixed office and retail block on the corner of Dawson Street and Molesworth Street and is hoping to achieve more than €15m from the sale.

The property at 13-17 Dawson Street extends to 3,800sqm is let on 16 short-term tenancies producing €943,612 a year.

In addition agents BNP Paribas Real Estate point out that it has potential for further lettings of vacant accommodation, which would increase the rental income to €1.2 m a year.

Its future development potential is expected to appeal to investors.

Irish Independent

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