Former College of Commerce in Rathmines for rent/sub-lease

Offices: The former College of Commerce building in Rathmines, Dublin 6 is available to rent on a sub-lease or by assignment…

Offices: The former College of Commerce building in Rathmines, Dublin 6 is available to rent on a sub-lease or by assignment through Jones Lang LaSalle at an annual rent in the region of €265.55 per sq m (€24 per sq ft).

The building at 143/149 Rathmines Road has been vacated by the Dublin Institute of Technology which has relocated staff to a new extension to its Aungier Street campus.

It would be suitable for either office or educational use. Its four storeys are laid out in a mixture of styles, including open-plan and cellular offices and lecture halls.

The total area is 2,121 sq m (22,830 sq ft) and there are 14 car-parking spaces in a secure car-park at the rear of the building. A passenger lift serves all the floors and the specifications include Cat 5e cabling to parts of the property, suspended ceilings and solid carpeted floors with floor boxes.

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The property is held by DIT on a 35-year lease dating from 1983 and has 14 years left to run. DIT would like to assign the lease but will also consider a shorter sub-lease. The current passing rent is €590,000 per annum and the car-parking spaces are to rent at €1,905 per space.

"This property is in a great location in the centre of Rathmines, close to all the village's amenities including cafés, bars, shops and the Swan Centre," said Barra McCabe of Jones Lang LaSalle which is representing DIT. "It is also close to all the area's public transport networks including the LUAS."

Further information is available from Barra McCabe or Fionnuala O'Buachalla at Jones Lang LaSalle at Dublin 673 1600.