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Mixed-use D8 building with guide price of €1.3m changes hands

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40 James’s Street, a four-storey building of modern accommodation, is situated in a prime location close to Dublin city centre

 Colliers International have sold 40 James’s Street, Dublin 8 - a mixed-use opportunity with excellent value add potential, in an increasingly popular city centre location.

 

The property comprises a modern four storey, mixed-use building that presents in excellent condition and comprises modern accommodation behind an attractive, period façade. Extending to approx. 5,500 sq ft, the property is laid out to provide a retail unit on the ground floor, a spacious two bedroom apartment on the 1st floor, with office accommodation of approx. 4,000 sq ft above and to the rear.

 

The property generated interest from both owner occupiers and opportunistic investors who were attracted by the opportunity to secure a high yielding investment on letting the vacant office space. The retail unit and apartment are both fully let, producing €31,275 per annum. On letting the vacant offices, Colliers estimate the incoming purchaser will achieve a yield of excess 9%.

 

The property is well located enjoying all the amenities the City Centre has to offer, with excellent transport links available in the immediate vicinity. The James’s LUAS stop is located just a short walk away, providing access to the city centre and Heuston station, within minutes.

 

The location is undergoing major regeneration, with the opening of new hotels, offices and student accommodation, while St James’s Hospital will soon be home to the new National Children’s Hospital. It was also recently announced that Ballymore are the preferred bidder for the redevelopment of St James Gate, which will be a new city quarter that will greatly enhance the area.

 

 

For further information, please contact:

Stephen Conway

Surveyor

Direct +353 1 633 3726

Mobile +353 86 3654387

stephen.conway@colliers.com

 

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About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers_ire and LinkedIn. 

Related Experts

Stephen Conway

Associate Director | Capital Markets

Dublin

Stephen is an Associate Director of our Investment Team, involved in both disposals and acquisitions for a wide variety of clients. Stephen previously focussed on the advisory side of the business, as part of Colliers Professional Services Team and has also specialised in the Industrial and Logistics sector.

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