Project Vista, Merrion House, Merrion Road, Dublin 4, Dublin

€19,750,000

Beds
Price	€19,750,000
Property Type	Office
Size	8035.4 meters²
Energy Rating	BER-
Refreshed on
Eircode	DUBLIN4

Description

Joint agents, Hooke & MacDonald and Savills present a unique opportunity to acquire an existing HQ Office building and site with excellent development potential.A unique opportunity to acquire an existing HQ Office building and site with excellent development potential. Prime site of approximately 1.18 hectares (2.92 acres). Established commercial location, with high profile global office occupiers, global hotel brands and an array of medical uses. Road frontage of approximately 170 metres facing onto Merrion Road. Mixed zoning objectives allowing for a variety of uses (SPP). Existing standalone HQ office building extending to approximately 8,035.35 sq.m (86,493 sq.ft) GIA with 201 surface car parking spaces. Highly sought after residential location due to the Dublin 4 postcode and unrivalled sea views. A mixed-use capacity study has been carried out by O'Mahony Pike Architects, illustrating three potential development strategies. www.project-vista.com DESCRIPTION Merrion House Merrion House is a three-storey detached office building extending to approximately 8,035.35 sq.m (86,493 sq.ft). Jacobs Engineering currently occupy 3,809.03 sq.m (40,100 sq.ft) NIA incorporating part of the ground and the entire second floor. The remaining floors are vacant presenting an opportunity for refurbishment and re-letting. Jacobs Engineering pay an annual rent of €1,004,864 and are due to vacate in January 2024. The office space occupied by Jacobs is finished to a modern specification including air conditioning, raised access floors, underfloor trunking and suspended ceilings. The building benefits from 2 passenger lifts. Former Swift Call Centre We understand the building to be uninhabitable and is therefore considered as develop-able area within the 2.92 acre site. Car Parking A very generous 201 surface car parking spaces are provided with this opportunity. A total of 105 car parking spaces are included in the lease to Jacobs. St Vincent’s Hospital are currently renting 51 car parking spaces on a licence agreement at €76,500 per annum. To the south of the surface car park there is a narrow strip of undeveloped land which is zoned for open space. Secure bicycle parking spaces are also available for office tenants. A copy of the measurement survey is available in the data room. THE OPPORTUNITY O’Mahony Pike Architects have devised three distinct feasibility scenarios that emphasise the flexibility of the site. These include two scenarios that give consideration to retaining the existing structure of Merrion House and delivering a comprehensive redevelopment of the remainder of the site and a third scenario that considers the full redevelopment of the site. A copy of the Development Options Study prepared by O’Mahony Pike Architects is available in the project Data Room. LOCATION: Project Vista is located in Dublin 4 on the Merrion Road, opposite the landmark Elmpark Green campus. The property is bound by the DART line and Dublin Bay to the east and overlooks Merrion and Sandymount Strand. Dublin 4 is the most sought-after residential location in the country. Project Vista enjoys uninterrupted sea views across Dublin Bay from Dun Laoghaire to Sandymount and Howth. The location benefits from excellent transport connections within walking distance to the property and a wide range of leisure, educational, retail, employment and social amenities in the immediate area. Sydney Parade DART station is conveniently located 975 metres north of the property and Booterstown DART station is 650 metres to the south.

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Commercial Office

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