High profile office block available for sale through HT Meagher O’Reilly

Block B, Adelphi Centre, Dun Laoghaire is being brought to the market for sale by private treaty through property consultants HT Meagher O’Reilly.  Block B enjoys a high profile site located in the heart of Dun Laoghaire at the corner of Upper George’s Street and Corrig Avenue. The building provides a fantastic office refurbishment and/or redevelopment opportunity for an owner occupier or investor.

Previously occupied by US manufacturing firm 3M.  Planning permission now exists for a mixed use development allowing for an increased floor area and an additional floor incorporating retail use at ground floor level, office use at first and second floors, and three floors of residential apartments.

The adjoining Block A was redeveloped in recent years and provides for a similar mix of retail, office and residential accommodation.

Block B is a modern office building currently providing 1,805 sq.m. (GIA) of office accommodation over five floors, together with 41 secure basement car parking spaces. The building forms part of the larger Adelphi Centre complex, which comprises seven office buildings, arranged around a central courtyard area and sharing a common basement car park.  Originally constructed in the 1980s, the building provides regular shaped floor plates of 361 sq.m. with windows on all sides and a central core housing toilet facilities and two passenger lifts.  The current floor layout suggests that further subdivision would be possible, subject to compliance with relevant building regulations.

There is now a window of opportunity for savvy investors and owner occupiers to acquire well located quality office buildings at highly competitive prices – Block B is one such opportunity.

Given its central location with access to major transport links, prospective purchasers will be interested in taking full advantage of a refurbishment opportunity or the planning permission.

The buildings profile and its highly accessible location would also prove to be an attractive proposition to alternative occupiers such as educational, medical (primary care) or leisure (gym) occupiers, subject to planning permission.

Full details are available from either Paul Hanly or Daniel Shannon in HT Meagher O’Reilly on 01 6342466.

Knight Frank

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