Two campshire buildings fronting onto the River Liffey in the south Dublin docklands are expected to be converted into restaurants following their sale to investors for about €1 million.
The buildings, at Sir John Rogerson’s Quay, date from the 1880s and were used for many years by BJ Marine. Ownership passed to Nama following the Government’s decision to dissolve the disgraced Dublin Docklands Development Authority.
Selling agent CBRE reported that most of the interest in the buildings came from the catering industry because of their unique location in an area heavily populated by professional workers.
The buildings are close to O2, Grant Thornton and State Street bank, and are also convenient to the Samuel Beckett Bridge, making them easily accessible to workers on the north side of the quays.
The two double height detached buildings have 615sq m (6,619sq ft) and 294sq m (3,614sq ft). The bigger unit had been valued at €525,000 and the smaller one at €400,000.
The new owners were advised by Aislinn Ó Buachalla of Jones Lang LaSalle, who says her agency has had a range of calls from restaurateurs enquiring as to whether the buildings will be available to rent.
Longboat Quay
Meanwhile CBRE is still looking for a buyer for a third retail unit extending to 92.9sq m (1,000sq ft) at Longboat Quay, opposite Grand Canal Dock.
The guide price for the southside building is €300,000 and if a purchaser does not emerge, Nama will consider renting it at around €35,000 per annum.
