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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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.