Sandyford block near Luas undergoes refurb
Agents will quote rent of €215 per sq m and €1,000 for each of 39 car-parking spaces
Agents for two-storey building will quote rent of €215 per sq m and €1,000 for each of 39 car-parking spaces
Cedarhurst building on Arkle Road in Sandyford, Co Dublin
The standalone Cedarhurst building on Arkle Road in Sandyford, Co Dublin, is to undergo refurbishment before being offered for letting through agents Browne Corrigan Chartered Surveyors.
The two-storey block with a floor area of 1,621sq m (17,488 sq ft) was recently sold by Lisney on behalf of Nama at a guide price of €4 million.
The building is located directly opposite a Luas stop and immediately adjacent to an office building owned by the Royal College of Surgeons. Brown Corrigan is to quote a rent of €215 per sq m (€20 per sq ft) and €1,000 for each of the 39 car-parking spaces, expecting to secure a return of up to 9 per cent for the new owner.
The block could be redeveloped in the medium to long term. Its location ensures that workers based there can take a 20 minute journey on the Luas to St Stephen’s Green in the city centre.