Office InvestmentAn opportunity to buy office suites in Dublin 1 with tax allowances will arise shortly when Dublin agent Colliers Jackson Stops launches a marketing campaign for the latest city office scheme.

The suites will be located in two separate five and six-storey office blocks, Joyce's Court, which are under construction between Talbot Street and Foley Street. They are due be completed by next October.

There will be retail units along a new walkway between the two streets and the two blocks will have a total of 4,472sq m (48,136sq ft). Block A will be for letting only while Block B will be both for sale and to let.

Floor areas will range from 328-587sq m (3,522-6,318sq ft) and, to accomodate smaller requirements, suites are available from 80sq m (861sq ft).Selling prices will average around €7,500 per sq m (€697 per sq ft).

The units going for sale include 80sq m (861sq ft) at penthouse level with one car parking space at €850,000. On the third floor there will be 252sq m (2,713sq ft) and two parking spaces for €2.19 million; 341sq m (3,671sq ft) on the first floor with three parking spaces for €2.7 million; and 188sq m (2,024sq ft) on the fourth floor with one parking space for €1.66 million.

Suites can, alternatively, be rented at €430 per sq m (€40 per sq ft).

For those opting to acquire space, there will be attractive capital allowances of up to 70 per cent of the total costs before stamp duty, legal and acquisition fees are taken into account.

Joyce's Court is the latest in a large number of office developments in what was for many years one of the most rundown parts of the city.

Several other office blocks which were recently completed in the area have proven popular with incoming tenants, with some being let to high profile companies such as Bank of Ireland, Bord Gáis and Independent News and Media.