PROPERTY company Dunloe House is to embark on an apartment and office development close to the Four Courts in Dublin where it has bought an early 19th century warehouse and development site from Fyffes for Pounds 1.7 million.
The cut-stone warehouse, which was formerly used as a bonded warehouse by the Jameson distillery, stands on a site of 1.5 acres at Beresford Street, Dublin 7.
The company is shortly to seek planning permission to convert the 40,000- square-foot warehouse into 70 apartments and to build a further 40 units and about 8,000 square feet of offices on the adjoining site. A modern warehouse used by Fyffes is to be demolished to make way for new buildings.
Stewart Harrington, managing director of Dunloe House, described the warehouse as a magnificent building and said it was ideal for conversion into stylish apartments.
Dunloe is planning to divide the five-storey warehouse into five distinct parts to eliminate the use of long corridors. Each of the sections will be served by a lift and there will be car-parking at two levels.
A Victorian office building on Cuckoo Lane is also to be refurbished for use as offices. Work on the development is due to begin next autumn and the apartments will he offered for sale before the current tax year ends on April 6th next.
