Savills Ireland, acting on behalf of Bank of Ireland, has launched the sale of 9 – 12 Dawson Street, Dublin to the market with a guiding price of over €35m. The c.4,461.04 m² (48,018 ft²) office building – currently occupied by New Ireland Assurance – is situated in a prime location on one of Dublin’s most iconic streets, and sits in Dublin’s Central Business District adjacent to the city’s main shopping thoroughfare, Grafton Street.
The property is being marketed as a development opportunity and is being sold with vacant possession, with New Ireland Assurance leaving the premises later in the summer. According to Savills Ireland, the sale provides an opportunity for a complete redevelopment of the site, suitable for an office & retail development.
Built in the 1960s and early 1970s, 9 – 12 Dawson Street comprises two office buildings over five and six storeys respectively, in addition to a basement car parking and storage accommodation. The merging of the two buildings over time provided a larger office space to satisfy New Ireland’s changing business requirements.
Mark Reynolds, Director of Development, Agency & Consultancy at Savills Ireland comments: “We believe the property’s exceptional location coupled with Dublin’s strong economic growth makes No 9 – 12 Dawson Street a highly attractive and unique proposition and represents a prime development opportunity.”