Dublin Citi Hotel & Trinity Bar, 46-49 Dame Street, Temple Bar, Dublin 2

Sale Agreed
Save
Print
Share

Description

Savills is delighted to offer for sale the Dublin Citi Hotel in Temple Bar. Dublin Citi Hotel is located on a high-profile corner site overlooking Dame Street in prime Dublin 2. The property represents a unique investment opportunity offering a new 25 year lease, with 5 yearly CPI rent reviews and an annual rent of €660k.

Directions

The Dublin Citi Hotel is located on a high profile 242 sq.m corner site in Dublin's main entertainment district Temple Bar. The Hotel is ideally situated for leisure guests within walking distance of Dublin's core tourist attractions including Trinity College, Dublin Castle and Stephens Green, along with some of the country's best high street shopping locations such as Grafton and O'Connell Street. Perhaps one of Dublin's best redevelopment projects “The Central Plaza” is under construction next door at the former Central Bank. This development is set to add 12,000 sq.m of office and retail space with a signature 300-seat panoramic roof top restaurant, bar and viewing area. Access and transport links are excellent with the newly competed Luas Cross-City line 400m east, and Pearse street DART rail network an 8 min walk away.

Viewing Information

The Dublin Citi Hotel consists of two exquisite buildings fronting Dame Street, built in 1868 and 1910 respectively, that feature ornate brick walls and polished red granite. Both buildings were used as offices until 1996 when the properties were converted into a hotel and bar. The Dublin Citi has been successfully operated by Hencitiop Ltd since September 2016. The 27 en-suite bedrooms are set over three floors, with bar and dining facilities for guests and patrons.
  • Ornate 18th & 19th century period property's command a prominent corner site with excellent access through three separate entrances.
  • Prime city centre location within walking distance of Dublin's many tourist attractions and shopping districts
  • Substantial 5 stories over basement with 27 bedrooms and licenced Bar c. 1,340 sq. m. (14,434 sq ft)
  • Over 376 sq.m of bar & food use in the basement, easily accessible through an internal staircase from the Trinity Bar.
  • New 25-year lease to experienced operator with passing rent of €660K p.a
  • CPI linked 5 yearly rent reviews
  • Potential to achieve vacant possession subject to agreement
  • BER exempt
Show more...
Property Services
Find Property Conveyancing Solicitors, BER Assessors, Pre-Purchase Surveyors and Land Registry Surveyors competing for your business.
Mortgage calculator
Calculate the mortgage required for this property
Savills Commercial Hotels Division
Savills Commercial Hotels Division
Tel: 01 61...
PSRA Licence No. 002233

Date created: May 16, 2018

Savills Commercial Hotels Division
Savills Commercial Hotels Division
PSRA Licence No. 002233
Call Agent: 01 61...