Former Ulster Bank available to rent for €58,500 per annum

THE former Ulster Bank premises in Clondalkin is now available to rent at €58,500 per annum, while the former Ulster Bank in Palmerstown has gone on the market with an asking price of €380k.

They are part of the first batch of former Ulster Bank buildings that have been brought to the market by Cushman and Wakefield.

The Clondalkin building is described as offering a prime commercial opportunity available to let on an existing lease expiring in May 2029.

It is suitable for a variety of uses subject to planning permission and extends to a total area of approximately 122 sq.m over one level.

The former Palmerstown branch is a two-storey building and offers a freehold opportunity for potential buyers.

The property comprises a two-storey detached building with a one-storey warehouse to the rear extending to approximately 459 sq.m in total.

Also listed in the selling agent’s Ulster Bank portfolio are the bank’s former buildings in Tallaght, Blessington, and Walkinstown which are marked as ‘coming soon’.

The former branch in Tallaght was previously the subject of a discussion among Tallaght councillors, with Cllr Teresa Costello (FF) calling for it to be bought by the council and turned into a community centre.

The discussion at the Tallaght Area Committee meeting last May concluded with a member of council management stating the premises was not on the market at that time.

“If it does come up for sale, it would be up to the asset management section to purchase it,” they explained.

“If they do purchase it on behalf of South Dublin County Council, then obviously its use will have to be decided.

“We do have facilities in the Tallaght area, community facilities, and if there are requests down the line, they can be looked at then.”

In February 2021, Ulster Bank confirmed its plans to withdraw from the Irish market on a phased basis.

The Ulster Bank branches in the county closed on April 21 last, along with all of their other branches around the country as the bank completed its withdrawal process.

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