Boutique Hotel Opportuity on Cork’s South Mall Guiding at €4.5m
Location: South Mall, Cork, Ireland
Name: To be chosen by buyer
No. of Keys: 58
The Property: Hotel operators and investors looking to secure a foothold in Cork city centre are expected to express an interest in a well-located and well-designed hotel opportunity which has been brought to the market at a guide price of €4.5 million.
Designed by the renowned firm of Scott Tallon Walker Architects, 71 South Mall consists of a former banking hall, comprising an imposing five-bay Victorian building with a double-height and ornate ground floor.
The property is being brought to the market with full planning permission for a 58-guestroom boutique hotel, to include the conversion of the existing bank, along with a new-build bedroom block extension to the rear and side. The permitted scheme also provides for a large, double-height restaurant, bar, cafe and hotel reception area fronting South Mall.
The plot size is approx 8 863 sq ft gross area to the front and rear, with a striking limestone facade on South Mall, with rear access onto Morgan’s Lane. The proposed development will bring the size up to approximately 18,428 sq.ft.
South Mall is one of the most popular thoroughfares in central Cork City and at ground floor level, the scheme provides for a large and attractive restaurant, bar and hotel reception area, with the F&B facilities capable of being operated independently, if so desired.
Main Photo: The former banking hall
Tenure: Freehold
Brand/Management: Flag and Management free
Current Owner: Empty building…a former bank
Guide Price: €4.5m
Guide Price per Key: €77,586 plus construction cost
Agent: JLL
Date Posted: November 2019
THPT Comment: A fab opportunity to acquire a great site to build a decent size boutique hotel in Cork.
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