Agent Des McCabe of McCabe McCabe is keen to draw attention to the imminent deadline for tenders on 59 Capel Street, a high profile commercial and residential investment and site opportunity with the added attraction of access to Jervis Lane. Overall floor area is 6700 square feet.
Tenders are required no later than 5th July for this impressive four storey over basement premises, located close to Jervis Shopping Centre, DIT Bolton Street and the cinema complex at Parnell Street. The general area is undergoing rapid expansion and is serviced by the Luas Red Line.
The building is offered with vacant possession of the commercial section and optional vacant possession of the residential section, which has been refurbished to modern standards with smoke and burglar alarms and intercom systems serving each apartment.
The building is currently generating rental income of EUR 70,000 for the residential section and an estimated EUR 100,000 for the commercial section. The estimated value of the site is in excess of EUR 1 million. 59 Capel Street is on sale by public tender with an AMV of EUR 3.6 million.
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