Knight Frank, formerly HT Meagher O’Reilly, has recently sold the former Cablelink premises in Ballsbridge for an undisclosed sum in excess of the guide price of €2.75million.
The property is located amongst successful, established names including the Herbert Park Hotel, Four Seasons Hotel, AIB headquarters, RDS, American and British embassies.The property contains a 1980s office block of 15,400 sq.ft. including 15 car spaces. This stands on a site of 0.4 acres.
It is unknown at this stage what the new owner may do with the property. One option may be to refurbish the existing office building which has been vacant for some time so it can match the current standard of offices in the capital. Alternatively, planning permission could be sought for a redevelopment to a higher density scheme, with offices, residential, student accommodation amongst potential uses.
Declan O’Reilly and Paul Hanly from the Offices Team were commended by all parties on their handling of the sales process and are delighted with the final outcome.
For more details please see http://htmor.ie or contact Paul Hanly on 01 6342466