Dublin docklands redevelopment site for over €2m

Barrow Street opportunity would be ideal for for a trendy warehouse open-plan office or studio

Barrow Street  site is likely to be considered an excellent development opportunity for an open-plan office or studio
Barrow Street site is likely to be considered an excellent development opportunity for an open-plan office or studio

An infill redevelopment site in the heart of the rejuvenated Barrow Street in Dublin’s south docklands will be of interest to a range of developers, investors and potential owner-occupiers when it goes on the market today.

Jill Horan of Savills is quoting in excess of €2 million for the part two-storey warehouse building at 15 Barrow Street which extends to 0.23 of an acre (0.09 of a hectare). It is likely to be considered an excellent development opportunity for a trendy warehouse open-plan office or studio or for a stylish gymnasium or fitness centre.

The property has a residential zoning under the current Dublin City Development Plan and also and has a positive planning precedent with a historic grant of permission for eight two- and three-storey news houses and 600sq m (6,458sq ft) of light industrial building or general media use.

Though the permission has now expired the selling agents believe it sets a good precedent for a similar scheme.

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The warehouse is being sold on behalf of Dublin Sanitary Disposal Ltd, a company currently for sale through the public accountancy and technology firm Crowe Horwath. In the meantime, Dublin Sanitary is to occupy the premises under a two-year lease agreement at a contacted rent of €100,000 per annum with a 12-month break option.

Jill Horan said the premises would undoubtedly attract considerable attention because of its close proximity to so many national, European and international occupiers on Barrow Street.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times