Private Irish investor pays €2.15m for south Dublin offices

Landscape House in Churchtown offers annual rental income of €215,312 and scope for apartment development

A private Irish investor has paid about €2.15 million for Landscape House, a fully tenanted office building on Landscape Road in Churchtown, Dublin 14.

The property, located within a short distance of the surrounding suburbs of Rathfarnham, Rathgar, Terenure, Milltown and Clonskeagh, comprises a detached two-storey office building extending to about 1,608.4sq m (17,313sq ft) on a site of 0.24 hectares (0.59 acres).

The property is let to Apleona Ireland Limited, a leading international facilities management company, Red Box Direct Limited and Flextime Limited at an income of about €215,312 annually, all of which expires by 2027.

Landscape House has extensive road frontage and is directly adjacent the Landscape Court apartment scheme and a row of commercial properties to the west.


A feasibility study prepared by Optimise Design indicates that the site has potential (subject to planning permission) for a scheme of 35 apartments.

The sale of Landscape House was handled by joint agents Hooke & MacDonald and Stapleton Property Consultants.

Commenting on the deal, Conor Steen of Hooke & MacDonald said: “We are delighted with the successful sale of Landscape House in the region of the guide price. The property’s current income and architectural feasibility study for a scheme of 35 apartments made it an attractive opportunity for investors.”

Peter Stapleton of Stapleton Property Consultants added: “There is plenty of demand from cash investors seeking sensibly priced opportunities and this will hold throughout 2024 as debt investors seek to reduce borrowings.”

Ronald Quinlan

Ronald Quinlan

Ronald Quinlan is Property Editor of The Irish Times