A round-up of today's other commercial property news in brief ...
Scrap firm wins planning battle
An Bord Pleanála has cleared the way for G & T McGovern to continue to use a site for a scrap metal business at 9–12 Price’s Lane and to the rear of 31 Ranelagh Road, Dublin 6.
The board said there was no evidence to refute an affidavit by Garry McGovern that the use of the site for this business had been established since the early 20th century.
A planner from the city council had argued that the use of the scrap yard constituted development under the planning acts. He suggested that a declaration should be made that the proposed development was not exempt.
€42,500 rent for D2 suite
Commercial agent HWBC is quoting a rent of €42,500 (€350 per sq m/€32.50 per sq ft) for a three-storey own door office suite at 4 Adelaide Court, Adelaide Road in Dublin 2, which is currently vacant. It has 124sq m (1,307sq ft) of newly redecorated cellular and open-plan offices and three basement car-parking spaces. The building is beside the Harcourt stop on the Luas and is set around an attractive courtyard.
Aldi plans Navan store
Only a month after Lidl was refused planning permission for a foodstore in Navan, rival German discounter Aldi has lodged a planning application for a similar shopping facility at Brews Hill. The company paid a strong price of €4 million for the well located 1.5-acre site which forms part of the grounds of the Navan O’Mahony’s Gaelic football club.
Aldi plans to provide a licensed foodstore with a gross floor area of 1,541sq m (16,587sq ft) and a trading area of 1,125sq m (12,109sq ft). There will be parking for 114 cars and 24 bicycles in a surface car-park. The site has town centre zoning.
€320,000 for shop
Lisney is quoting a sale price of €320,000 or a rent of €30,000 for a well located single storey retail store at 9 Anglesea Buildings, Upper George’s Street in Dún Laoghaire. The retail area extends to 32sq m (344sq ft) and there is a kitchenette and toilet.
UK values drop 43.6%
The London-based researcher IPD has reported a peak-to-trough decline in capital values for all kinds of commercial properties in the UK of 43.6 per cent between June 2007 and May 2009.
The study showed that the collapse in values was worse in the retail property sector with a slippage of 45.3 per cent over the period of almost two years.
The poor performance by the property market was mainly concentrated in the last year when all property capital values declined by 31.5 per cent.
New showroom opens in D17
An Irish company, Collier Kitchen Supplies Ltd, has opened a large new showroom for its 800 trade customers at Airways Industrial Estate in Santry, Dublin 17. The company was set up 24 years ago by Fred Collier and John G Law.
They say that their investment means that their trade clients could now take their customers to the Santry showroom instead of having to build their own showrooms at their various sites.
Collier Kitchen Supplies Ltd has its own range of kitchen doors and components, and also distributes several Italian brands including Lube, Gatto, Sheer and Faer. The company also stocks the renowned Hafele kitchen accessories.
Green light for 55 apartments
The owners of the Regency Airport Hotel at Swords Road in Dublin have secured planning approval to demolish a single storey restaurant on site and replace it with a four to six-storey L-shaped block to accommodate 55 apartments.
The board ruled that the fourth floor fronting on to the Swords Road should be omitted and that the return section of the building should be reduced to six storeys
