Beech Hill CLONSKEAGH, DUBLIN 4 STANDALONE HQ OFFICE BUILDING - MIXED USE DEVELOPMENT POTENTIAL - Savills
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Beech Hill CLONSKE AGH, DUBLIN 4 STANDALONE HQ OFFICE BUILDING MIXED USE DEVELOPMENT POTENTIAL OFFICE | RESIDENTIAL FOR SALE BY PRIVATE TREAT Y
Beech Hill
CLONSKEAGH, DUBLIN 4
A unique opportunity to
acquire an existing HQ Office
building with full vacant
possession on a site with
redevelopment potential.
CONTENTS
Executive Summary 2
Location 4
Existing Building 12
The Opportunity 16
Market Commentary 20
Contacts and Further Information 22
1
EXECUTIVE SUMMARY
Exceptionally well located
office building & site in an
established south Dublin
location, with obvious
development potential.
• E
xisting standalone office building extending
to approx. 4,978 sq m (GIA), together with 154 Car
Spaces. Available with Full Vacant Possession.
•
Prime site extending to almost 2 acres.
•
Zoned Objective E – “To provide for economic
development and employment”.
•
A feasibility study has been carried out by
O'Mahony Pike Architects, illustrating the potential
for three distinct development strategies.
– A full copy of the OMP feasibility study
is available in the project Data Room:
beechhilldevelopment.com
•
A uniquely flexible opportunity for developers,
investors or owner occupiers – existing building
capable of long term let or short-medium
term pending redevelopment (SPP).
•
For sale by Private Treaty.
Architectural Vision:
2 3
LOCATION
Located on Beech Hill Road
in Clonskeagh, in close
RIVER LIFF
EY
proximity to Donnybrook,
N4
Ranelagh and Ballsbridge, GR AND CAN
AL
and approximately 4km south ST STEPHEN’S
GREEN MERRION
of Dublin City Centre. SQUARE
FITZWILLIAM
IVEAGH SQUARE
The site is highly accessible, with The area is served by a wide range GARDENS
some of the most frequent Dublin Bus of local amenities, with Farmer
routes running along the nearby N11, Browns, Wilde & Green, Donnybrook
including the 46a, 145, 39a and 155. Fair, Marco Pierre Whites and The
Both LUAS and DART stops at Milltown Greenery all located nearby. There
and Sydney Parade are equidistant from are multiple schools located in the
BALLSBRIDGE
DUBLIN BAY
the property, a short 20 minute walk. vicinity also, including; The Teresian
The site is bounded by University College School, St. Michael’s College, SANDYMOUNT
Dublin, David Lloyd Premium Fitness Muckross Park, Gonzaga, Alexandra
Club and Beech Hill Office Campus. College and Sandford Park.
Beech Hill Road is an idyllic location
set on the banks of the River Dodder, HERBERT
a popular walking and jogging route. PARK
RANELAGH
N
ES TATIO
Y PARAD
SYDNE
DONNYBROOK
QBC
BUS LUAS DART
Frequent Dublin Bus routes Nearest Station: Nearest Station:
running along the nearby AIRCOACH
20 minute walk to Milltown 20 minutes walk to
N11, including the 46a, 145,
Sydney Parade
MILLTOWN PARK
39a and 15 and Aircoach.5
City Centre:
10 minutes commute time City Centre:
12 minutes commute time
MILL
TOW
N LU
AS S ELM PARK
TOP
RIVER DODDER GOLF COURSE
GREENWAY ROUTE UCD
N81 SPORT GROUNDS
UNIVERSITY COLLEGE
DUBLIN
4 N11 5
DOCKLANDS
CITY CENTRE
DART/RAIL
BALLSBRIDGE
SANDYMOUNT
RDS
MERRION
CRICKET CLUB SHREWSBURY
ROAD
OLD BELVEDERE
DONNYBROOK BECTIVE RUGBY CLUB
VILLAGE RUGBY CLUB
OLD WESLEY AILESBURY
RUGBY CLUB ROAD
MUCKROSS PARK
COLLEGE DONNYBROOK
LAWN TENNIS CLUB
QBC
AIRCOACH
RIVER DODDER
GREENWAY
N11
CLONSKEAGH
DAVID LLOYD
CLUB
UCD
6 7
Beech Hill, Clonskeagh is excellently Pictured:
1. Mulberry Garden
served by a variety of best in class 2. Happy Out Café
amenities. From an early morning 3. The 105 Cafe
coffee in the Happy Out Café to fine 4. Ashtons Gastro Pub
dining in the nearby Mulberry 5. Luas line
6. River Dodder Greenway
Garden Restaurant.
5
1 2
3 4
6
8 9
In Great Company
UCD Sport
UCD
and Fitness
AIB Merchant
Services
Paddy Power
Betfair UCD is ranked within the top 1% of higher
Smurfit Kappa
NexusUCD
education institutions world-wide
Pinergy
Western Union
Circle K Ireland
Head Office
McDonalds
Home to over Number 1 in Ireland for highest NovaUCD
David Lloyd Club Curtiss-Wright 33,000 students. volume of research publications – Centre for New Ventures
per year. and Entrepreneurs.
€685m
133 Hectare parkland campus Research funding NexusUCD
containing a variety of in the past 5 years. – Industry Partnership
walks, lakes, period houses Centre.
and secluded gardens.
10 11
EXISTING BUILDING
Current Schedule
Description of Accommodation
The existing office building extends to 4,978 sq m (GIA) The Ground Floor comprises a large double height
together with 154 surface car spaces on a site of 0.80 entrance reception leading to a central core off which EXISTING FLOOR GIA SQ M GIA SQ FT
Ha (1.98 Ac). three wings can be accessed, providing a mixture of
open plan and cellularised office accommodation. Basement 181 1,951
The building was constructed c.1990 and extensively
refurbished in 2010. The property has recently been The building benefits from 2 no. 10 person passenger Ground Floor 1,594 17,158
occupied and is therefore finished to a modern lifts, male and female shower facilities and a number
specification including air conditioning (in parts), of generous canteen and kitchenette facilities. First Floor 1,591 17,122
raised access floors, underfloor trunking and suspended
ceilings. The floor to ceiling heights vary from a There is a small basement area accommodating plant Second Floor 1,612 17,351
generous 2.9m on the Ground Floor to 2.6m on the under the central lift core.
upper floors. Total 4,978 53,582
The property is located on an impressive elevated site
and provides for extensive car parking at surface level,
A copy of the measurement survey is available in the dataroom.
totaling 154 spaces.
FIRST FLOOR PLAN
UP
UP
UP
12 13
Zoning
The subject property is located within the
Dún Laoghaire-Rathdown Local Authority
and is zoned Objective E:
‘To provide for economic development and employment’.
Permitted in Principle Uses Excerpt from John Spain Associates
Planning Report
Advertisements and Advertising Structures | Carpark |
Cash and Carry/Wholesale Outlet | Craft Centre/Craft
Shop | Childcare Service | Enterprise Centre | Heavy Vehicle
Policy E8 of the County Development Plan
Park | Hospital | Household Fuel Depot | Industry-General relates to residential use in areas zoned
| Industry-Light | Industry-Special | Motor Sales Outlet for employment. The Policy reads
| Office Based Industry | Offices | Open Space | Petrol as follows:
Station | Public Services | Refuse Transfer Station | Rural
Industry-Food | Science and Technology Based Industry | “It is Council policy to achieve a satisfactory balance with
Scrap Yard | Service Garage | Tea Room/Café | Transport regard to the residential component of development on
Depot | Travellers Accommodation | Warehousing. lands zoned Objective ‘E’ to ensure that such lands remain
available to facilitate their primary objective for the lands
which is the encouragement of enterprise and the creation
Open for Consideration Uses of employment. Generally, any residential development
proposals on ‘E’ zoned lands should ensure that the
Abattoir | Assisted Living Accommodation | Boarding employment element on site in terms of floor space should
Kennels | Community Facility | Cultural Use | Doctor / be no less than that on site prior to redevelopment and
Dentist etc. | Education | Funeral Home | Garden Centre/ must ensure that the employment element on site in terms
Plant Nursery | Health Centre / Healthcare Facility | Home of overall floor space remains the primary land use.”
Based Economic Activities | Hotel / Motel | Industry-
Extractive | Leisure Facility | Nightclub | Off- Licence | The meaning and intent of the foregoing policy is
Place of Public Worship | Public House | Refuse Landfill clarified within the same section of the CDP (page 79 refers),
/ Tip | Residential | Retail Warehouse | Restaurant | Rural which states:
Industry-Cottage | Shop Specialist | Shop-Neighbourhood
| Shop-District | Sports Facility | Veterinary Surgery. “The land-use zoning objective for employment lands must
be flexible enough to reflect this new mixed-use context,
whilst reinforcing the primacy of the employment use.
An element of residential use in employment zoned areas
may be considered in appropriate locations where a
proposed development makes a positive contribution to
the area in terms of adding to the richness and diversity
of uses. The appropriate location for residential use
would generally be in close proximity to public transport
nodes and adjacent to facilities such as shops, crèches,
restaurants and hotels and other community infrastructure.”
Further details on the planning potential are available
in the data room.
14 15
THE OPPORTUNITY
Architectural
Vision
16 17THE OPPORTUNITY
Architect’s Feasibility
The Beech Hill site presents an opportunity for a number of value-add strategies (subject to BASELINE STUDY
planning permission), which range from the re-development and expansion of the existing Full redevelopment of 1.98 acre site, provision of new office
office as part of a new mixed-use development, to the addition of an infill residential scheme accommodation and residential block with associated
to complement the existing HQ office building. O’Mahony Pike Architects have devised three facilities integrated into the scheme. Commercial block
feasibility scenarios for the Beech Hill site illustrating the potential for the following options extending to five storeys, residential block extending to
five storeys.
(subject to planning permission);
Office: 6,350 sq m (GIA)
Residential: 158 units – 12,210 sq m (GIA)
Residential Amenity: 400 sq m
EXISTING OFFICE NEW OFFICE NEW RESIDENTIAL
Creche: 275 sq m
(SQ M GIA) (SQ M GIA) (UNITS)
Car Parking Spaces: 120 (72 Residential / 28 Office
/ 20 Surface)
Baseline Study – 6,350 158
Additional Height – 6,350 199
Infill Residential 4,978 – 64 ADDITIONAL HEIGHT
Full redevelopment of 1.98 acre site, provision of new office
A summary of the key metrics for each feasibility is provided opposite and accommodation and residential block with associated
a copy of the detailed OMP feasibility study is available in the project Data Room. facilities integrated into the scheme. Commercial block
extending to five storeys, residential block extending to
seven storeys.
GROUND FLOOR PLAN (REDEVELOPMENT) Office: 6,350 sq m (GIA)
Residential: 199 units – 15,890 sq m (GIA)
Residential Amenity: 400 sq m
Creche: 275 sq m
Car Parking Spaces: 120 (72 Residential / 28 Office
/ 20 Surface)
INFILL RESIDENTIAL
Retention of existing HQ Office accommodation, opportunity
to develop out a six-storey residential block to the south-east
corner of the existing car park.
Existing Office: 4,978 sq m (GIA)
Residential: 64 units – 4,825 sq m (GIA)
Car Parking Spaces: 125 (35 residential / 90 Office)
18 19STRONG UNDERLYING ECONOMIC FACTORS POPULATION
5%
Ireland had the strongest Forecast unemployment Ireland is the only remaining Ireland has the
growing economy in Europe in rate expected to fall English speaking nation youngest population
2020. The OECD has forecast below 5% by 2023 within the EU within the EU
GDP growth of 4.2% for 2021
DUBLIN OFFICE MARKET GROWTH
>€3.0bn
Dublin ranks as the top Over 4.5 million sq ft of active 63% of Dublin Over €3.0bn worth
European HQ locations office requirements in Dublin office pipeline stock of property investment
per capita with viewing and reserved is pre-committed transactions in 2020
stock volumes now increasing
post-Covid
20 21FURTHER INFORMATION
VAT Tenure BER
A VAT summary is available We understand that the
in the dataroom. property is held freehold.
Contacts
SELLING AGENT SOLICITOR
Savills
33 Molesworth Street
Dublin, D02 CP04
savills.ie
John Swarbrigg Andrew Sherry Shane Gallagher A & L Goodbody
IFSC, North Wall Quay
Director Divisional Director Graduate Surveyor
Dublin 1, D01 H104
Development, Agency Development, Agency Development, Agency
& Consultancy & Consultancy & Consultancy algoodbody.com
T: +353 1 618 1333 T: +353 1 618 1452 T: +353 1 618 1393 Paul Diggin
E: john.swarbrigg@savills.ie E: andrew.sherry@savills.ie E: shane.gallagher@savills.ie
Partner
T: +353 1 649 2000
Andrew Cunningham Seán Ryan McCaffrey Barry Kerr E: pdiggin@algoodbody.com
Director Associate Surveyor
Head of Offices Office Agency Office Agency
Office Agency
T: +353 1 618 1720 T: +353 1 618 1383 T: +353 1 618 1304
E: andrew.cunningham@savills.ie E: sean.ryanmccaffrey@savills.ie E: barry.kerr@savills.ie
DISCLAIMER
These particulars are issued by Savills on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in
preparing them, Savills, for themselves and for the Vendor/lessor whose agents they are, give notice that (1) The particulars are set out as general outline for guiding
potential purchasers/tenants and do not constitute any part of an offer or contract. (2) Any representation or image including description including description,
dimensions, references to condition, permissions or licences for uses or occupation, access and any other details given in good faith and are believed to be correct,
but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their
correctness. (3) Savills nor any of its employees have any authority to make or give representation or warranty in relation to the property.
22BEECHHILLDEVELOPMENT.COM
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