A NEWLY-developed multi-storey car-park in Dublin's international Financial Services Centre is expected to make around £6.5 million when it is offered for sale by tender on March 19th through Jones Lang Wootton. The investment is likely to be of interest to business consortiums, companies producing large profits and individual investors in a position to avail of 100 per cent capital allowances and double rent allowances for 10 years. The four-storey car-park has 393 spaces, which are likely to produce an initial net return of about £1,600 per space in the first year. The planning conditions will allow the new owners to contract out any number of spaces or to run it entirely as a short-term car-park. Because the facility is located next to Jury's Custom House Inn, there will obviously be a demand for overnight parking. In addition, many of the IFSC companies have staff on duly throughout the night.

The IFSC currently has 675,000 square feet of offices in use and the final phase of eight blocks with 275,000 square feet is due to be completed within the next year.