Commercial Property

Santry office park with 10 units for sale for €5.5m

St John’s Court on Swords Road could generate rent roll of €960,000 when fully let

St John’s Court: the 3.2-acre business park is just 3.5km from Dublin Airport

Tue Sep 19 2017 - 16:30

A partially let office park dating from the mid-1980s at Swords Road in Santry, Dublin 9, goes for sale from today through the Bannon agency asking €5.5 million.

The St John's Court Office Park includes 10 individual two-storey buildings extending to 5,098sq m (54,872sq ft) and 183 surface car-parking spaces. The offices are 45 per cent let and produce a rental income of €312,944. The tenants in the seven occupied buildings include 3D Personnel, Irish Life and New Ireland Assurance.

Louise Doherty of Bannon estimates that the rent roll could be increased to €960,000 if the vacant offices were let at €15 per square foot and a €750 parking charge introduced.

Alternatively, a new owner might consider redeveloping the 3.2-acre park, which is located 3.5km (just over two miles) from Dublin Airport.

Bannon