SOLD - Detached D4 Office Overlooking Canal
Dublin, June 2016– CBRE has successfully sold Canal House, Northumberland Road, Dublin 4. The modern office accommodation extends to 1,645 sq ft (152.77 sq m).
CBRE were instructed on behalf of Allan Sweeney & David O’Connor, (Receiver’s at BDO) to sell the property at a guide price of €1.1 million. Following an extensive marketing campaign an impressive sale price in excess of the guide was achieved.
Canal House presents an excellent opportunity office opportunity in Dublin’s Central Business District. The property is ideally located just off Northumberland Road overlooking the canal and is within walking distance of an array of local amenities and public transport.
Situated just 1.6km south of St Stephens Green the surrounding area has succeeded in attracting a range of high profile occupiers including Board Gais, ESB and Stripe.
This successful transaction comes as a result of increasingly low office vacancy rates in the City Centre. The property succeeded in attracting a number of small to medium sized firms seeking to locate in Dublin’s CBD.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.