Cashel Road Commercial to Residential Conversion

Cashel Business Centre, Dublin

Project Description

We are thrilled to announce the completion of our latest endeavour at Fitzpatrick & Heavey Homes: the transformation of ‘Block C’ within the former Cashel Business Centre in South Dublin into a charming residential enclave.

This redevelopment has effectively repurposed the previous commercial property into nine exquisite residential units, breathing new life into the area while expanding housing availability in this bustling part of the city.

Stunning Two-Bedroom Apartments With Detached Office

Our ground-breaking development consists of nine exquisite two-bedroom apartments nestled within a complex that is conveniently situated just off the Lower Kimmage Road.

These spacious residences span from X to Y square feet, offering ample room for comfortable living. Each unit is thoughtfully designed and comes fully furnished, featuring brand-new flooring throughout, a modern integrated kitchen equipped with appliances, a freshly-fitted bathroom, and fitted wardrobes in every bedroom.

Moreover, the property, which is set back from the road, includes the convenience of one designated parking space.

Despite its tranquil setting, the development enjoys proximity to a host of amenities, with the charming villages of Terenure and Harold’s Cross just a leisurely stroll away.

Additionally, residents benefit from easy access to various local bus routes, ensuring seamless connectivity to the city centre, while also enjoying convenient access to the M50 motorway.

We are also excited to reveal that each apartment within the building is meticulously crafted to cater for corporate clients as it comes with its own dedicated office space, spanning a generous 250 to 300 square feet.

With this tailored approach, professionals can enjoy the convenience of having their workspace seamlessly integrated within their living environment.

This unique feature not only fosters a productive work atmosphere but also offers unparalleled convenience and efficiency for those seeking a proper work-life balance.

A Welcome Shift in the Property Market

The conversion of offices into residential spaces remains a relatively uncommon practice in Ireland, yet it’s gaining momentum among housing developers who recognise its potential.

Recent data underscores the growing vacancy rates in the Dublin office market, surging from 6.9 percent in March 2020 to 16 percent by the year’s end, as reported by Lisney.

Similarly, research from An Post’s data arm GeoDirectory revealed a national commercial vacancy rate of 14.3 per cent in the final quarter of 2023.

These statistics have led to the Government’s housing and enterprise departments establishing dedicated working groups last year.

Their primary objective? To explore strategies facilitating developers in converting these vacant commercial properties into much-needed housing.

This initiative reflects a proactive approach to address the increasing demand for residential spaces and the surplus of unoccupied commercial real estate, potentially signalling a significant shift in the Irish property landscape.

It is a shift that Fitzpatrick & Heavey Homes is at the forefront of with its latest development.

‘Meet the Developers Converting Offices into Apartments for €300k Per Home’

Our CEO, Ciaran Fitzpatrick, featured prominently in the Business Post’s recent article on the subject, titled ‘Meet the Developers Converting Offices into Apartments for €300k Per Home’, where he shared insights from our pioneering experience as one of the country’s first developers undertaking office block to apartment conversions.

Ciaran also highlighted the expedited approval process as a significant advantage of such developments, with conversions allowed without planning permission if the property has remained vacant for over two years.

This meant that Fitzpatrick & Heavey Homes were able submit a seven-day notice to the council and, once it had been validated, begin construction the following week, resulting in substantial time and cost savings.

However, he explained that developers are restricted by regulations to constructing a maximum of nine apartments within the vacant space, and that this posed a constraint on potential expansion and development opportunities.

Ciaran added: “What we would love to see is if a building is vacant for two years and around a city centre, location, you would be allowed to convert it into 30 or 40 units.”

Nevertheless, Fitzpatrick & Heavey Homes is excited to be at the forefront of this game-changing scheme, and has already identified our next project for office to apartment conversions in Navan, Co Meath.

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