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39-43 Merrion Square, Dublin 2

Investment Property (2,792.10 sqm) For Sale by Private Treaty
of

Price Offers in Excess of €15,000,000

Features

  • Approx 2,792 sq.m (30,050 sq.ft) NIA
  • Approx 4,322 sq.m (46,520 sq.ft) GIA
  • 12 car parking spaces
  • Combined site area of 0.255 ha (0.63 acres)
  • Approx 0.072 ha (0.18 acres) zoned Z1 Residential
  • Extensively refurbished in 2016
  • Change of use and further development potential (s.p.p)

Location

No’s 39-43 Merrion Square, Dublin 2 occupy a prime position on the east side of Merrion Square, opposite the park’s central entrance, and adjoining the offices of the Society of Chartered Surveyors Ireland and the Irish Architectural Archive.
Merrion Square is a highly sought after location in Dublin’s central business district, within easy walking distance of a range of transport links, including Pearse Street DART station, the LUAS Green line stops at Dawson Street & St. Stephen’s Green. There are also numerous bus routes in proximity to the property providing convenient access to all locations across the city. The Aircoach, which provides access to Dublin airport, has a stop located on the north side of Merrion Square. Finally, there is a Dublin Bikes station directly opposite the buildings, next to the park’s entrance.
The properties are situated near some of Dublin’s leading leisure, retail, and corporate office locations and the surrounding areas benefit from a wide variety of restaurants, cafes, bars, and hotels. Notable occupiers nearby include Dail Eireann, Leinster House, the 5* Merrion Hotel, the Natural History Museum, and the National Gallery of Ireland.

Full Description

No’s 39-43 Merrion Square comprise five three bay, four storey over basement mid-terrace buildings with returns of between three and four storeys in height.
The accommodation underwent an extensive refurbishment in 2016 and presents in excellent condition, including some very ornate period features that have been retained and restored throughout. In particular, No. 40 Merrion Square contains one of the most ornate and luxurious Georgian interiors in Dublin with its first floor reception rooms greatly embellished in the French manner, with ornate plasterworks, mirrors, and chimney pieces.
All the buildings interconnect at first floor level. Additionally, No’s 39-41 are interconnected across all the upper floors, No’s 39-40 interconnect at basement level and No’s 42-43 are interconnected at the 2nd and 3rd floors.
An elevator located in No. 41 Merrion Square services all levels of the building, adding to attractiveness for any future occupier(s) of the buildings.
Separately, a two-storey mews building situated to the rear of No. 42 Merrion Square is also included in the sale and is currently used as ancillary offices and stores.
No’s 39-43 Merrion Square are listed as protected structures in the 2016-2022 Dublin City Council Development Plan.

Accommodation

Combined, the five office buidings on Merrion Square and the mews to the rear of No. 42 Merrion Square extend to approximatley 2,792 sq.m (30,050 sqft) on a net internal basis or 4,322 sq.m (46,520 sqft) on a gross internal basis including ancillary stores. A total of 12 car parking spaces (including those situated in the licenced car parking area) are currently provided for to the rear of the property, accessed via Stephen's Lane.

A full breakdown of the floor areas and floors plans are available through the selling agents.

History

Located at the doors of Government Buildings, Merrion Square is one of the most intact Georgian Squares in Dublin, providing some of city’s finest period properties and one of its most prestigious addresses.
The square was originally laid out in 1762 and developed in stages. No’s 39-41 Merrion Square date from the late 1780’s, while No’s 42 and 43 Merrion Square date from the early 1800’s.
Famous residents throughout the square’s history include Daniel O’Connell, Oscar Wilde, and William Butler Yeats.
Some of the subject properties more interesting history include:

  • No. 39 Merrion Square operated as the British Embassy up until 1972.
  • No 40 Merrion Square was used as a field hospital during the Easter rebellion in 1916 where Sir Robert Woods, the then owner, catered for the wounded of both sides of the battle. More recently, No. 40 was used in the filming of the movie Michael Collins between 1995 and 1996.

Tenancy

ESB will take a new full repairing and insuring lease on the entire from the date the sale closes until the 30th June 2021, subject to the yearly rent of €1.00.   It is envisaged that ESB’s new headquarters building will be completed and ready for occupation in Q2 2021. It is the intention that the tenant will relocate to the new headquarters office building by 31st June 2021.
Further details relating to the proposed tenancy are available through the selling agents.

Tenure

We understand the properties are held freehold. An additional small car parking area is to be licenced to the purchaser for a term of 100 years.

Zoning

The main buildings and some of their returns are zoned Z8 ‘to protect the existing architectural and civic design character, and to allow only for limited expansion consistent with the conservation objective’ under the current Dublin City Council Development Plan 2016-2022. The rear of the properties is zoned Z1 ‘to protect provide and improve residential amenities’ under the current development plan. Permissible uses include amongst others: residential, education, and embassy, whilst uses open for consideration include hotel.

Services

We understand that all mains services are connected and supplied to the buildings.

BER Information

Exempt

Sale Process

The properties are to be sold by Private Treaty.

 

 

 

Viewing Details

By special appointment with the sole letting agent, Lisney.

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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