Two restaurants on high-profile sites for sale at fraction of original cost

Two fully glazed stand-alone restaurants on high-profile sites along the river Liffey campshires at North Wall Quay in Dublin 1 are to be offered for sale by tender at a fraction of their original cost, with a guiding price of €350,000 for the J2 Grill & Sushi building and €400,000 for the slightly larger single-storey premises close by that currently is vacant.

David Carroll of Bannon advised two of the purchasers.

The north docks has been substantially transformed in the past decade or so with the development of Spencer Dock and more recently the completion of Convention Centre Dublin and the Point Village. Even without taking site values into account, the Dublin Docklands Development Authority (DDDA) spent €1 million about 15 years ago developing each of the two distinctive buildings, which were designed to cater for the dining needs of workers in the adjoining International Financial Services Centre.