Infill site opposite Bord Gáis Energy Theatre for €5m
Cardiff Lane redevelopment, extending to 440sq m, has current rent roll of €58,000
A CGI of a redeveloped 3-6 Cardiff Lane in Dublin 2
An infill redevelopment site close to Facebook’s office in Dublin’s south docklands is on the market at more than €5 million through Savills.
The 440sq m (4,736sq ft) site, at 3-6 Cardiff Lane in Dublin 2 (behind the Ferryman pub), is occupied by two retail units trading as Starbucks and Arena Kitchens. These produce a combined rent roll of €58,000 a year while a rent review is outstanding.
A study by BKD Architects suggests that, subject to planning approval, the site could accommodate 17 apartments above 210sq m (2,260sq ft) of retail space and may also be suitable for office accommodation.
In February, developer Oakmount applied for permission to redevelop 2 Cardiff Lane into a high-end apartment and retail scheme. The ultra-modern, eight-storey project includes seven two-bed apartments.
Meanwhile, the nearby redevelopment of the former An Post sorting office is gathering pace – this €150 million scheme will eventually include 18,924sq m (203,700sq ft) of offices over eight levels.