FOR SALE with Vacant Possession

OF INTEREST TO OWNER OCCUPIERS, INVESTORS AND DEVELOPERS

  • Modern office building extending to approx. 2,105.20 sq m
  • 60 car spaces
  • Site area of approx. 0.28 Ha
  • Significant Asset Management & Development Potential to Add Value by:
    • Refurbishing or
    • Extending or
    • Re-Developing
  • Title: Freehold subject to a Management Deed
  • Method of Sale: Private Treaty
  • Price on Application

East Point Business Park

East Point is one of Irelands most successful business parks. It is home to over 130,000 sq m (1.4m sq ft) of offices and set on a landscaped Scott Tallon Walker designed campus of over 16Ha (40 acres) that looks out over the River Tolka estuary and Dublin Bay. The Park benefits from a range of facilities and amenities including cafes, convenience store, sports facilities including tennis court and 5 aside soccer pitch and childcare facilities. A dedicated landscaped walkway around most of the perimeter of the park exploits the views over the water. The estate arranges outdoor food markets and various other communal activities.

Other amenities include the East Wall Water Sports Centre situated just off the causeway entrance to the Park. The centre provides a wide range of activities from windsurfing to rowing.

East Point is renowned for the calibre of its occupiers both international and domestic and whether high tech or traditional. It has become a hub for various companies in the technology sector including Google, Oracle, Cisco, Citrix, FINEOS and Activation Blizzard amongst other tech operations. Occupiers from more traditional sectors include British Airways, Ecclesiastical Insurance, Enterprise Ireland and others.

Location & Transport

East Point is located northeast of Dublin’s Central Business District and within walking distance of the IFSC and Spencer Dock on North Wall Quay. The main entrance to the business park is off Alfie Byrne Road to the west over the East Point causeway with a further entrance off Bond Road to the east. Both access points are security-controlled and monitored with security cameras located throughout the park.

A dedicated East Point shuttle bus links the park both with the LUAS terminus of the Red Line at the nearby 3Arena/Point Depot and also the DART at neighbouring Clontarf DART station. East Point also benefits from excellent connectivity to Dublin Airport via the Port Tunnel and of course to Dublin Port.

Main line rail line services from Connolly Station, including the Belfast Line are conveniently accessed via Clontarf DART.

Dublin Bus stops are situated on Clontarf Road and on West Road just off the East Wall Road. To learn more about East Point and real time shuttle bus movements please go to www.eastpoint.ie or for a more engaging experience on twitter@EastPointDublin.

Finally, there are numerous dedicated BleeperBike stations in the park for bike sharing commuters.

Description

Block H is a detached, third generation modern office building designed by award winning Architects, Scott Tallon Walker, completed c 1997 and occupying a matured landscaped setting. The block is laid out over 3 floors and extends to approximately 2,105.20 sq m (22,660 sq ft) gross internal floor area (GIA), together with 60 surface car spaces on a site of approximately 0.28Ha (0.69 Acres).

The property features a bright, glazed reception area, accessed via a covered landscaped walkway. The building is of reinforced concrete frame construction with concrete floor slabs and plant located on the roof.

The floor plates are rectangular in plan with a block depth of approximately 14.1m (46ft 3in). The façade system features continuous double glazing with opening windows throughout. The carpet tile to ceiling tile dimension is approximately 2.7m (8ft 10in). This combination results in bright, airy and highly flexible office space. The floor plates are suited to open plan or cellular layout or indeed a mixture of both.

BER

BER Rating: D1 BER D1
BER Number 800750887

Specification

  • VRV air conditioning.
  • Opening windows.
  • Perimeter gas fired radiators.
  • 8-person lift serves all floors.
  • Raised access floors - void approx. 0.2m.
  • Floor to ceiling height of approx. 2.7m. (carpet tile to ceiling tile)
  • Suspended ceilings (void approx. 0.4m) incorporating light fittings.
  • Floor slab to floor slab approx. 3.6m.
  • The original outline specification is contained in the downloads section.
Upper Floor

Plans for illustration purposes only

Ground Floor

Accommodation

Accommodation Table
Accommodation Table

There is a purpose-built smokers porch situated to the rear of the property and extending to approximately 23 sq m (247 sq ft). An assignable measurement survey of both GIA and IPMS 2 by Val O’Brien & Associates will be available in the data room. It is up to intending purchasers to satisfy themselves in relation to the accommodation, areas and car spaces by measuring or otherwise.

Site – Block H

Siteplan

The property occupies a regular shaped site extending to approximately 0.28 Ha (0.69 Acres). The approximate boundaries are shown for illustration purposes only and purchasers must satisfy themselves in relation to the boundaries and areas by inspection or otherwise.

A measurement survey of the site by Val O’Brien & Associates and a copy of their report will be available in the Data room.

Asset Management & Development Potential – Value Add

Preliminary studies by Scott Tallon Walker Architects have identified the potential to significantly enlarge the floor area of the building. Subject to planning permission, consents, technical investigations and so on, they estimate that the floor area could be increased by approximately 1,740SqM (18,730SqFt) gross with the loss of approximately 4 car spaces.

This would involve adding a 7.5M (24.5Ft) wide extension along the south side of the block on the first and second floors together with an entirely new third floor with plantroom over. The first and second floors would be enlarged by 360SqM (3,875SqFt) each while the new third floor would add 1,020SqM (10,980SqFt) gross. By not building at grade the vast majority of car parking spaces are retained.

Extending and or refurbishing provides the opportunity to achieve internationally recognised sustainability accreditations e.g., LEED and assist prospective tenants, investors and owner occupiers in achieving their ESG policy objectives. Outline concept plans by Scott Tallon Walker are available in the downloads section.


Zoning Map 1    Zoning Map 2

Alternative strategies range from (1) solely refurbishing the existing to (2) refurbishing and only adding a new third floor, to (3) demolishing the existing and building a brand-new block. In the case of a brand-new block Scott Tallon Walker are of the opinion that subject to planning the site could sustain a 7-storey building. Furthermore, they note that the current plot ratio is approximately 0.8 whereas the Dublin City Development Plan 2016-2022 sets out guideline plot ratios ranging from 2 to 3 and site coverage of up to 60%.

This would suggest potential development capacity in the order of 5,600SqM (60,278sqft) up to 8,400SqM (90,417sqft) gross – subject to building design, planning permission, consents, technical investigations and so on.

It is up to intending purchasers to satisfy themselves in relation to the extent of development potential with their Architect or by liaising with Mr Bryan Roe of Scott Tallon Walker.

Planning

East Point is situated in an area zoned Objective Z6 – “To provide for the creation and protection of enterprise and facilitate opportunities for employment creation.” under the Dublin City Development Plan 2016-2022.

Block H

Block H, East Point - existing east elevation (for illustration purposes only)

Block H

Block H, East Point - proposed east elevation (for illustration purposes only)

Contacts

For further information please contact:


HWBC

HWBC

(01)-77 50 500

www.hwbc.ie

Patrick Campion

PSRA Licence No. 002098-002672
+335 1 775 0507
pcampion@hwbc.ie

Joseph Bohan

PSRA Licence No. 002098-002667
+335 1 775 0524
jbohan@hwbc.ie

Solicitor


Eversheds Sutherland

Eversheds Sutherland

One Earlsfort Centre
Earlsfort Terrace
Dublin 2

eversheds-sutherland.ie

Mr Sean Greene

+353 1 6644200
seangreene@eversheds-sutherland.ie


Disclaimer
HWBC Limited t/a HWBC for themselves and for the vendors or lessors of this property whose Agents they are, give notice that: (i) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract. (ii) All descriptions, dimensions, areas, uses, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct, however they are not warranted, and any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of HWBC has any authority to make or give any representation or warranty whatever in relation to this property. PSRA LICENCE NUMBER: 002098. February 2023.

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