€1.4m for Dublin 2 offices in former school off Camden Street

St Kevin’s School dated back to the 1880s and has been substantially refurbished

The former national school off Camden Street in the south inner city
The former national school off Camden Street in the south inner city

DTZ Sherry FitzGerald is guiding in excess of €1.4 million for a former girls' national school off Camden Street in Dublin's south inner city which is partially let to four office tenants and producing a net operating income of €79,071.

Originally known as St Kevin’s School and dating back to the 1880s, the two-storey building has been substantially refurbished and converted for use as offices.

It has an overall floor area of 706sq m (7,597sq ft) which is partially shared by four tenants, Douglas Wallace Consultants, Owen DBB, Hunter PR and OBA Engineers.

There are two vacant office suites extending to 160sq m (1,720sq ft).

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The red brick building occupies an extensive corner site on Grantham Street and Pleasants Street and has a yard with parking for seven cars. In 2001 Dublin City Council granted planning permission, which has since lapsed, for a three-bedroom townhouse on part of the car park.

Jane Dolan of DTZ, who is handling the sale, says there are a number of asset management opportunities available in the short to medium term to enable new owners to considerably increase the rent roll.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times