Strand House, 1 and 3 Philipsburgh Avenue, Fairview, Dublin 3 Dublin 3

Office For Sale – 1,934 sq. feet (180 sq. metres)

This is an excellent opportunity to acquire a high profile commercial property at the junction of Philipsburgh Avenue and Fairview Strand. This is a main arterial route from the coast road and northside suburbs of Clontarf, Sutton, Portmarnock and Howth into Dublin City Centre and benefits from a high volume of passing traffic.

The property comprises two interconnecting 2 storey office buildings that were originally in residential use but have been converted into a medical centre by the HSE – Health Service Executive. The building may suit a variety of office uses and may suit the service industry – estate agent, solicitor, mortgage broker, accountant, architect, semi-state body, charity, doctors, dentists etc.

The offices have 2 separate entrances and provide a mixture of 3 private consultation rooms/ 1 treatment room, reception and waiting area, open plan office with ancillary store room kitchen/ tea station and bathrooms on the ground floor. The building benefits from plenty of natural light with floor to ceiling height with opague glass windows on the ground floor facing onto Fairview Strand Road that provide bright and spacious meeting rooms. These stud partitions could be opened up to provide a larger open plan office space.

The offices have been fitted out to a reasonably high standard to full HIQA specification and include a small lift linking the 2 properties making them wheelchair friendly. There are 4 larger offices, kitchen and bathrooms at first floor level. These are mainly for HSE staff for administration purposes.

A developer / investor may look to convert the building back into 2 separate residential townhouses as there is very strong demand for housing in this area. Individual townhouses may be able to achieve a sales price in the region of €650,000 each / €1,300,000 when converted, subject to the level of refurbishment and fit out.

Strand House is located approximately 6 km north east of Dublin Cty centre and is within a short walking distance to Croke Park and a host of cafes, bars and retail units in Fairview. The property is also within a short walking distance of Clontarf/Fairview train station and there are several bus routes serving the area. There is a public car park located in the church grounds directly opposite Strand House, which benefits HSE clients when they call in for consultation.

Lease

The HSE still hold an existing Lease up until March 2025 and pay a current rent of €50,000 p.a.

A developer may look to apply for change of use back to residential use while the current Lease runs up until March 2025.

The property is approx. 1 kilometre walking distance from Clontarf Train Station, which serves the DART line and other trains along the east coast of Ireland to Northern Ireland. The area is very well serviced by public transport and there are a host of bus routes servicing the area (Clonliffe Avenue 123) Fairview ( 6, 14, 15,27,27a, 27b, 42, 43, 130, H1, H2, H3, H9)) and Drumcondra Road (1, 11, 13, 16, 16d, 33, 41, 41b, 41c, 41d, 44) and the property is also located close to 2 separate train lines.

The office is located less than 15 minutes drive time from Dublin airport. Strand House is conveniently located close to 2 arterial roads (Drumcondra Road and Ballybough/ Summerhill Road) and there is excellent access to the IFSC and the north city centre. In addition to this, recent improvements to walkways and cycleways provide an excellent and safe means of transport to the city centre and north suburbs along the coast road. Many staff can avail of Dublinbikes or Bleeper bikes in this area.

There are several amenities in the area including Croke Park, Shelbourne FC, Ierne Sports & Social Club, Clontarf road walkway and coastal park, Westwood Club, Clontarf All Weather playing pitches, Fairview Park etc. The subject property is less than 2 kilometres from the IFSC or 2.2 kilometres from OConnell Street by foot, bicycle or car.