Vacant Property Prime Area Dublin For Sale With Planning Consent For 72 Keys
Location: Heart of Dublin, walking distance of Abbey Street and the IFSC – International Finance Services Centre, Dublin 1, Ireland
Name: TBA
Guide Price: €7m plus construction costs
Guide Price per Key: N/A
No. of Keys: Currently VP on 32 units – Planning Consent to convert to 72 room hotel, or aparthotel
The Opportunity:
This is an excellent opportunity for any hoteliers seeking to set up and expand operations in Ireland. The properties come to the market with full planning permission for the development of a 72 Bed Hotel: Refurbishment/ alterations and change of use of existing buildings on the site and construction of new buildings to the rear to provide a hotel development with ancillary public restaurant (c. 96 sq.m) and associated ancillary uses. The overall building will comprise a gross floor area of c. 2,747 sqm of which c. 1,071 sqm is accommodated within the existing buildings and c. 1,676 sqm is new build.
The buildings currently consist of 32 rental units. The properties are in a central location at the heart of Dublin, close to the city’s main tourist, cultural and entertainment venues, and a walk to attractions including Temple Bar, Trinity College, the Guinness Storehouse, St Stephen’s Green, O’Connell Street and Grafton Street. MM/D
Flag & Management: Free to new owner
Current Owner: Family, where owner wishes to retire
Main Photo: The three adjacent buildings
Financials: Full planning permission details, architects floorplans available after EOI
Tenure: Freehold
Agent: Retained local builder/developer in partnership with THPT
Date Posted: May 2022
THPT Comment: The location is fab…would suit hotel companies wishing to expand into Dublin, where prime sites are truly sought-after….we are thinking budget style – 20 sqm average room size, or lower the room count and go for top-end boutique ( a la The Dean)
Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email info@thpt.co.uk
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.
