QRE Real Estate Advisers have been appointed by the Receiver Ken Tyrrell of PwC to dispose of Coral House (otherwise known as Airton House) on the Airton Road in Tallaght, Dublin 24. The property (the former home to Paddy Power) is for sale by Private Treaty and Conor Whelan and Aishling O’Hanlon of the sole selling agents are seeking offers in excess of €1,800,000 which represents a capital value of €69 per sq.ft, a fraction of the likely build cost. In total, the building extends to approximately 26,000 sq.ft. with some 72 surface car parking spaces provided for the front and rear of the premises. The accommodation is fitted and according to the agent is suitable for owner occupiers or investors seeking to take advantage of the well documented resurgence in the suburban office market. The entire property which is zoned Objective ‘EP2’ under the South Dublin Development Plan 2010-2016 will also offer the future purchaser with a viable development opportunity in the short to medium term.
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