Description***Best Bids due by 12 noon on Wednesday 4th December 2019***
Knight Frank are delighted to offer to the market this exceptional City Centre redevelopment opportunity with full planning permission for a 36 bedroom hotel, situated at the junction of Trinity Street/St. Andrew's Lane and less than 250 metres from both the heart of Temple Bar and Trinity College Dublin.
The subject property currently comprises of a part two-storey/part four-storey over basement level building of approx. 776 sq.m. and stands on a site area of approx. 0.06 acres. The property also benefits from favourable profile to both Trinity Street and St. Andrew’s Lane, enjoying approximately 50 metres of frontage in total.
The property benefits from full planning permission (Reg. Ref. No. 3846/17) for a development comprising the refurbishment and extension of the existing four-storey element of the building, providing for a four-eight storey over basement level, 36 bedroom hotel with ancillary bar and restaurant facilities of approx. 1,752 sq.m. Further planning details are available for review in the property data room.
Under the Dublin City Development Plan 2016-22, the site is zoned Objective Z5 - City Centre, i.e. "To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity". Therefore, the property would also suit a variety of alternative uses including Residential, Offices, Co-Living and Retail (S.P.P.).
Strategic Central Location:
The site is strategically situated in a highly accessible location and benefits from unrivalled public transport links being within 200m of College Green where LUAS Cross City light rail services are provided in addition to numerous Dublin Bus and intercity, regional and airport bus services. Furthermore, DART and regional rail services are also provided within 750m from Tara Street Station.
The property is superbly situated in a central, city centre location and is within a short walking distance of renowned tourist destinations including Temple Bar, Trinity College Dublin, Grafton Street, St Stephen’s Green and Dublin Castle amongst many others.
Furthermore, the property is within 100 metres of the new Central Plaza development on Dame Street, which is due for completion by the end of this year and is expected to accommodate more than 1,300 office workers as well as providing a significant offering of retail, restaurant and café facilities.
Please note that a property website and data room has been commissioned for the sale and can be accessed via www.dublin2hotelsite.com
There is currently one tenant occupying the ground floor and basement of part of the building on a short-term lease and further details are available in the property data room.
Strictly by appointment only.
James Meagher / Kieran Bray / Robert Wilson