€3.9m for warehouse

A former warehouse at North Wall Quay in the Dublin docklands, likely to be redeveloped as offices for a technology company, is expected to attract considerable interest when it goes for sale today.

Cian McMorrow of agents Bannon is quoting €3.9 million for the complex which is located beside the proposed new headquarters of the Central Bank and on the opposite side of the river Liffey from Sir John Rogerson’s Quay. The three-storey warehouse extends to 1,564sq m (16,839sq ft) and, according to one developer, would probably cost in excess of €2.5 million to refurbish and convert it into top rate office accommodation.

The location of the block within the North Lotts and Grand Canal Dock Strategic Development Zone will allow the purchaser to avail of fast track planning with no third party planning objections.

Number 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 60,000sq m (645,834sq ft) of office space and 200 apartments.