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MacDonagh Junction Development Site

Development & Land Property For Sale by Tender
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Features

  • Substantial Hotel/Commercial Opportunity at Kilkenny City - MacDonagh Junction Station Site 0.327 Ha (0.808 acres) beside MacDonagh SC, Dublin Road
  • On the instructions of CIE Group Property Management
  • Existing planning permission for a 135-bedroom hotel, leisure and conference facilities, restaurant, bars of 9,975 sq.m.
  • The site, which is currently used as a 45-space car park use, extends to approx. 0.33 Ha (0.82 acres) and is zoned ‘General Business’ under the Kilkenny City & Environs Development Plan 2014-2020.
  • The interested parties are invited to bid in a tender process by 12 noon on Friday 28th June 2019.

Location

On the instructions of CIE Group Property Management

Substantial Hotel/Commercial Opportunity at Kilkenny City - MacDonagh Junction Station Site 0.327 Ha (0.808 acres) beside MacDonagh SC, Dublin Road

Existing planning permission for a 135-bedroom hotel, leisure and conference facilities, restaurant, bars of 9,975 sq.m.  (107,400 sq.ft.) expiring in 2020. Zoned General Business under the Kilkenny City & Environs Development Plan 2014-2020.

Kilkenny City is a flagship destination under the “Ireland’s Ancient East” brand. 613,000 tourists visited Co. Kilkenny on average last year and there are significant opportunities in Kilkenny for additional bed capacity to accommodate future growth. Failte Ireland Hotel Stats: Kilkenny ARR: €105. Occupancy: 78%. RevPAR: €76.

Kilkenny is a most attractive tourist destination with the renowned Kilkenny Castle, the Medieval Mile of historic attractions, shopping on High Street plus the Kilkenny County Council masterplan area of the Abbey Creative Quarter which will provide residential, retail, hotel and offices. Festivals include Kilkenny Cats Laugh Festival, Kilkenny Arts Festival and Yulefest.

 

Full Description

This is a significant hotel and business development opportunity in Kilkenny City on a site immediately adjoining MacDonagh Station and MacDonagh Junction Shopping Centre on the Dublin Road only 10 minutes’ walk to the Medieval mile and with excellent road frontages. Kilkenny has a unique character and the property is close to historic buildings situated along the Kilkenny Medieval Mile, Kilkenny Castle, High Street and the new Abbey Creative Quarter/Brewery Site by Kilkenny County Council will provide residential accommodation, retail units, a hotel and offices.

Kilkenny City is renowned for its cultural festivities including Kilkenny Cat’s Laugh Festival, Kilkenny Arts Festival and Yulefest which subsequently promote Kilkenny as an attractive tourist destination.

The recovery of the hotel and tourism industries has resulted in significantly increased hotel room occupancies and demand for quality accommodation in the city. This increasing demand is likely to drive the market interest in acquiring this development opportunity as there is pent up demand from funds, investors and developers to acquire well located central city sites for hotel development.

There is a considerable shortage of good quality hotel accommodation in Kilkenny City and the site is expected to draw considerable interest from high profile national and international hoteliers as well as for other potential commercial uses.

Description

The site, which is currently used as a 45-space car park use, extends to approx. 0.33 Ha (0.82 acres) and is zoned ‘General Business’ under the Kilkenny City & Environs Development Plan 2014-2020.

The site has the benefit of planning permission for a 135-bedroom hotel, leisure and conference facilities, offices and ancillary uses/restaurants/bars all approx. 9,975 square metres under the MacDonagh Junction development parent permission (Building No.6) granted by An Bord Pleanala in 2004. Reference Number: PL 62.207285.

The site is likely to suit a landmark building subject to the agreed detail of a planning application in the future.  Development works will not impair the operation of MacDonagh Train Station or MacDonagh Junction Shopping Centre. 

Tender

Register your interest with Lisney for access to the bidding documentation including a 5-year building licence (agreement for lease) and a 300-year ground lease (Minimum initial licence fee €175,000 p.a.).  The interested parties are invited to bid in a tender process by 12 noon on Friday 28th June 2019.

Viewing Details

By prior arranged appointment

Lease Details

Register your interest with Lisney for access to the bidding documentation including a 5-year building licence (agreement for lease) and a 300-year ground lease (Minimum initial licence fee €175,000 p.a.).

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or 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 and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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