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Gardiner Street Lower Summerhill, Dublin 1

  • For Sale by Private Treaty

Features

  • On the instructions of IDA Ireland and Dublin City Council - 2 Properties For Sale by Private Treaty.
  • Important Redevelopment Opportunity.
  • Property 1 extends to approx. 0.43ha. and comprises 18 on-site industrial buildings and 24 car spaces.
  • Property 2 extends to approx. 0.1ha.
  • Prominent location on the corner of Gardiner Street Lower and Summerhill.
  • Mixed residential and commercial city centre location.

Full Description

Location


Gardiner Street Lower is situated close to O'Connell Street which is undergoing rejuvenation with the planned redevelopment of the Arnotts Department Store, the redevelopment of the former Carlton Cinema site, the refurbishment of the ILAC Shopping Centre, the proposed relocation of the Abbey Theatre to the GPO on O'Connell Street, and the relocation of the Dublin Central Library to the former Ambassador Cinema on Parnell Square. The library currently attracts over 500,000 visitors a year.


In addition, the new Metro North stop is to be constructed on Parnell Square / Cavendish Row, close to the property and this will add enormously to the general convenience of the location.


Gardiner Street Lower is an important arterial route linking the Quays area with the north city area. This is a central location close to all city centre amenities and services to include public transport, retailing and a number of major inner city occupiers such as The Rotunda and Mater Hospitals. The properties are within short walking distance of O'Connell Street and close to Busaras, Connolly Train and DART Station.


The subject properties are situated close to a number of modern multi-storey mixed use developments that have been constructed in recent years providing inner city apartment accommodation. The Gardiner Street area is widely associated with the tourist market and a number of successful tourist accommodation businesses and services have been established in the vicinity. The close proximity to public transport linking with Dublin Airport and restaurant uses on O'Connell Street and Parnell Street are also attractive features of the location.


Description


The property occupies a highly prominent corner location at the junction of Gardiner Street Lower and Summerhill with separate vehicular access to both properties via Gloucester Place Upper to the rear.


Property 1 – IDA Ireland


The property comprises a corner site of approx. 0.43ha. (1.06 acre) with 18 on-site industrial buildings which are currently vacant.


The former IDA Small Business Centre on-site buildings range from approximately 55 sq. m. to 70 sq. m. and have the benefit of 24 car spaces. A security building is provided at the main entrance. The buildings would be capable of generating a short to medium-term rental income.


The property would be suitable for future development of a wide range of uses (subject to obtaining planning permission). IDA Ireland has prepared a feasibility study for the development of Property 1 for discussion with Dublin City Council.


A copy of this feasibility study is available on request.


Property 2 – Dublin City Council


The property comprises a corner site of approx. 0.1ha. (0.25 acre). There are no buildings on site.


This property may be of interest to purchasers in order to maximise their land holding and to enhance the development potential. The property would be suitable for future development of a wide range of uses (subject to obtaining planning permission).


Town Planning


Both properties are located within an area zoned Objective Z5 “to consolidate and facilitate the development of the central area, and to identify, reinforce and strengthen and protect its civic design character and dignity” under the Dublin City Development Plan (2005-2011).


Under this zoning permitted uses include Amusement/leisure complex, ATM, Bed and Breakfast, Betting office, Buildings for the health, safety and welfare of the public, Car park, Car trading, Childcare facility, Civic Offices, Community facility, Conference centre, Cultural/recreational building and uses, Education, Embassy, Enterprise centre, Funeral home, Guest house, Home-based economic activity, Hostel, Hotel, Industry (light), Live work units, Media recording and general media associated uses, Medical and related consultants, Motor sales showroom, Nightclub, Office, Open space, Place of public worship, Public house, Public service installation, Residential, Restaurant, Science and technology based industry, Shop (district), Shop (neighbourhood), Shop (major comparison), Takeaway, Training centre, Veterinary surgery, Warehousing (retail/non-food)/Retail Park and Internet café.


There are a number of other uses which are open for consideration under this zoning.


It is not proposed to change the current zoning in the Draft Dublin City Development Plan 2011-2017. The draft plan is currently being prepared and is due to be adopted in January 2011.


The property is partially located in a Conservation Area along Gardiner Street Lower, in both the Dublin City Development Plan 2005-2011 and in the draft plan.


Title


Property 1 - We understand that the property is held under freehold title.


Property 2 - We understand that the property is held under freehold title or equivalent (subject to confirmation).

Viewing Details

By special appointment with the sole selling agent, Lisney.

Contact Details

Lisney Commercial Agency General, 24 St. Stephen's Green, Dublin 2
Ross Shorten | 01 6382700 | rshorten@lisney.com

Legal Information:
Lisney and the Vendor/Lessor give notice that: 1. These particulars are for guidance only and do not constitute nor constitute any part of an offer or a contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. The particulars, various plans, photographs, descriptions and measurements have been carefully prepared, but their accuracy is not guaranteed and any intending Purchasers/Lessees shall satisfy themselves by inspection or otherwise as to their correctness. No omission, accidental error or misdeception shall be a ground for a claim for compensation or for the recission of the Contract by either the Vendor/Lessor or the Purchaser/Tenant. 5. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty in relation to the property. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and all the negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction.