On the Instructions of Mr. Martin Ferris, Ferris & Associates, Receiver, Pressaro Limited (In Receivership)
Important freehold Dublin 4 office property with future development potential
(subject to planning permission)
Modern vacant detached two-storey office building extending to approx. 1,382 sq m (14,875 sq. ft.) of net internal office accommodation with parking for 12 cars on a site of approx 0.16ha. (0.4 acres).
Superbly located in the heart of Ballsbridge, beside office and institutional occupiers, American and British Embassies, hotels and restaurants.
Zoned Objective Z4 “to provide for and improve mixed-serviced facilities” under the Dublin City Development Plan 2011-2017.
Location
The property is located approximately 2km south of Dublin city centre on Pembroke Place just off the Merrion Road and Herbert Park. Ballsbridge is a well-established, mature, business and residential suburb of Dublin and it is for this reason that the majority of Dublin's embassies and diplomatic residences are located there. The Royal Dublin Society (RDS) has its grounds in Ballsbridge on approximately 40 acres and the Irish Rugby Football Union has it’s headquarters and stadium at Lansdowne Road which has been rebuilt as the Aviva Stadium. The area is also well serviced by hotels and the subject site is located adjacent to the Herbert Park Hotel. Other hotels within the suburb include The Four Seasons Hotel, Bewley's Ballsbridge, The Mount Herbert Hotel, The Burlington and D4 Hotels.
Description
The property comprises a two storey detached office building dating from the 1980's which extends to approximately 1,382 sq m (14,875 sq ft) of net internal accommodation. The building is laid out to provide cellular and open plan office accommodation throughout and there are twelve surface level car park spaces located in a cobble-lock forecourt at the front of the building.
The building is of concrete frame construction and comprises a brick elevation and a flat roof. Internally there are solid floors with carpet covering, plastered and painted walls, suspended acoustic tiled ceilings with fluorescent strip lighting, aluminium framed single glazed windows and wall mounted storage heaters. There are ample ladies and gents toilet facilities, partitioned offices, meeting rooms, reception area, canteen with kitchen adjoining and access to rear and side gardens. The site area extends to approximately 0.16 hectares (0.4 acres).
Accommodation
2 Storey Office Building |
Approx sq.m. |
Net Internal Office Accommodation |
1,382 |
Gross Internal Accommodation |
1,598 |
Town Planning
The subject property is located in an area zoned Objective Z4 “to provide for and improve mixed-serviced facilities” under the Dublin City Development Plan 2011-2017.
While the property has a strong existing use value, it may, in the future offer, subject to obtaining the necessary planning permission and consents, the opportunity to increase the height of the existing building or alternatively to replace it with a new structure.
Title / Lease
We understand the property is held under freehold title. It is offered for sale or to let on a flexible lease. Details of price and rent on application.