Monday 24 June 2019

DIT Sackville Place facility at €5m offers redevelopment opportunity

Potential: 6-12 Sackville Place sits beside the proposed Clerys Quarter
Potential: 6-12 Sackville Place sits beside the proposed Clerys Quarter
Ronald Quinlan

Ronald Quinlan

Agent Lisney is guiding a price in excess of €5m for Nos 6 - 12 Sackville Place in Dublin city centre.

The property, which has been in use as an education facility for many years, is being offered for sale following the decision by its owner, the Dublin Institute of Technology (now the Technological University Dublin) to centralise its operations at its new Grangegorman campus.

While the sale of the property will take place by public tender on March 6 next, prospective purchasers should note that there is a TU Dublin lease within the premises until October 2020.

Located beside the proposed Clerys Quarter mixed-use scheme, the Moxy Hotel (Marriott) which is currently under construction, and within a short walk of Dublin city's principal thoroughfare, O'Connell Street, the subject property in brief comprises a well-maintained, mid-terrace mainly four-storey over basement building which extends to over 2,004 sq m. (21,570 sq ft).

The building is currently laid out as classrooms, an exam hall, lecturers' offices, training and demonstration kitchen, staff rooms, and meeting rooms.

The property offers an excellent redevelopment opportunity and would be suited to a range of uses, subject to the necessary planning permission, according to the selling agent.

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