Joint agents Savills and Hooke & MacDonald have launched the sale of Project Vista comprising the prominent Merrion House office building and adjoining lands in Dublin 4.
Merrion House extends to 8,036 m2 over three floors and benefits from a generous 201 surface car parking space on an overall site area of 1.18 ha (2.92 acres).
Merrion House is currently occupied in part by Jacobs Engineering with vacant possession of the entire building due in January 2024.
Project Vista boasts uninterrupted views of Dublin Bay and has 170 metres of frontage to the Merrion Road.
Savills expects this opportunity will appeal to a wide range of buyers from residential and commercial developers to investors and owner-occupiers alike. 'An office retrofit would offer the opportunity to maximise the energy efficiency of the building, and further to this, the versatility of the building offers the potential for conversion for a variety of alternative uses such as medical, education, hotel or residential accommodation to name but a few,' Savills said.
O’Mahony Pike Architects have devised three distinct feasibility scenarios that emphasise the flexibility of the site. These include two scenarios that give consideration to retaining the existing structure of Merrion House and delivering a comprehensive redevelopment of the remainder of the site and a third scenario that considers the full redevelopment of the site.
According to the joint selling agents, 'Merrion House is not just a landmark office property, the additional site area provides a canvas for significant potential. Its strategic location and unrivalled sea views make it a nexus for opportunities across various sectors.'
