€3.9 Million for Prime Dublin Docklands Redevelopment

A high profile former warehouse building in Dublin Docklands, with potential for an office redevelopment, is being offered for sale by Cian McMorrow of Bannon with a guide price of €3.9 million. 82 North Wall Quay is located adjacent to the new Central Bank of Ireland headquarters where construction work is progressing.

82 North Wall Quay has the benefit of views over the River Liffey, directly across from John Rogerson’s Quay on the South Docks. The building also has extensive frontage to Castleforbes Road.

The original brick warehouse building currently provides approximately 1,564 sq.m (16,834 sq.ft) of accommodation over three levels. A purchaser would have a unique opportunity to develop an office development in a prime Docklands location where office rents continue to rise whilst the supply of new office accommodation is still curtailed. Due to the property’s location within the North Lotts and Grand Canal Dock Strategic Development Zone (SDZ), a purchaser will be permitted to avail of fast track planning with no third party planning objections in the planning process.

82 North Wall Quay is immediately adjacent to the “Project Wave” site where Singapore developer Oxley has teamed up with Sean Mulryan’s Ballymore to develop 60,000 sq.m. of office space and 200 apartments on a site acquired from NAMA.

Cian McMorrow of Bannon expects that there will be significant interest in the sale. “Block 8 of the SDZ consists of the Central Bank building, the 60,000 sq.m. of office space and 200 apartments within Project Wave, plus 82 NWQ. A purchaser can participate in a combined development which will see over a quarter of a billion euro spent transforming the face of the Docklands over the next two years, for a €3.9m investment today.

Further details at: brochures.bannon.ie/dublin1-north-wall-quay-82