Dolcain House on the market at €4.8m
By Maurice Garvey
AN OFFICE complex in Clondalkin containing the head offices of construction group SIAC, is on the market for €4.8 million.
Cushman & Wakefield is quoting €4.8 million for the modern office complex Dolcain House, which extends to 64,000sq ft.
Situated on Monastery Road, the site is being sold on behalf of Tom O’Brien of Mazars.
The complex consists of three office blocks with floor plates from 16,910sq ft to 28,256sq ft.
Vacant office space extends to about 47,300sq ft and there are also 211 car-parking spaces.
Block B is occupied by SIAC on a five-year lease from February 17, 2014 at an annual rent of €100,750. There is additional income of about €77,400 per annum from telecoms masts/aerials on the roof which are on flexible short-term agreements.
The agent suggests the complex gives an investor flexibility to asset manage and let the vacant space, or for an owner-occupier to locate in the vacant space.
The 1.92-acre site is zoned ‘Objective A’ under the South Dublin County Council Development Plan 2016-2022 to “protect or improve residential amenity”.
Permitted uses also include a retirement home or nursing home.
The site may be considered by potential purchaser as a redevelopment opportunity.
In 2016, Dolcain House was on the market for €5 million.
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