An interesting redevelopment opportunity arises shortly in Dublin's Capel Street when a large business premises goes for sale by tender. Lorigan Auctioneers expects to secure in excess of £3.5 million for the four-storey over basement premises at 121/122 Capel Street, trading as Forsye & Forsye.

The tenant is shortly to vacate the 27,000 sq. ft commercial building and, though the vendors have draft plans for a comprehensive mixed commercial and apartment development, they have not sought planning permission for the scheme. The plan envisages a retail area of 7,500 sq. ft, 14 two-bedroom apartments, four one-bedroom apartments and 48 student residential units.