0.82 ha (2.04 acres) sean mcdermott street lower and railway street...
TRANSCRIPT
PRIME CITY CENTREDEVELOPMENT OPPORTUNITY
FOR SALE
0.82 ha (2.04 acres)Sean McDermott Street Lower and Railway Street
Dublin 1
For illustrative purposes only.
• Exceptional development opportunity in a prominent and high-profile location in Dublin city centre
• The property extends to a site area of approx. 0.82 ha (2.04 acres), with substantial dual frontage along Sean McDermott Street Lower to the north and Railway Street to the south
• Excellent transport connections with Connolly Station, Busáras and the Luas Red Line service all within 500 metres of the site
• Highly accessible location situated 650 metres east of O’Connell Street and just north of the city’s Central Business District (CBD)
• The site incorporates a number of existing buildings including a 19th century former convent fronting Sean McDermott Street with adjoining chapel to the rear
• Zoned Z5 - City Centre under the current Dublin City Development Plan 2016 - 2022, which facilitates a wide range of permissible uses
• Positive planning precedent for a high-density mixed-use scheme comprising predominantly of apartments and office accommodation
• Superb redevelopment opportunity, subject to planning permission, for a vibrant new residential and commercial scheme in an enviable city centre location
Asset Highlights
For illustrative purposes only.
wa
ltin
g
marrow
GEO
RGE’
S
HA
RCO
URT
CUFFE STREET
FITZ
WIL
LIAM
STR
EET
BAGGOT STREET
BAGGOT
MOUNT STREET
MERRION SQUARE NORTHMERRION SQUARE SOUTH
MESPIL ROAD
HADDINGTON ROAD
merrion ROAD
PEMBROKE ROAD
NO
RTHUM
BER
LAND RO
AD
GRAND CanAL STREET
GRAND PARADE
CANAL ROAD
WEX
FORD
GRA
FTON
daw
son
STR
EET
kil
da
re
STREE
T
NASSAU STREET
PEARSE STREET
PEARSE STREET
TOWNSEND STREET
HOLL
ES S
T.EN
RE
ST.
LIM
E S
TREET
LOM
BA
RD S
TREE
T
SIR JOHN ROGERSON’S QUAY
CITY QUAY
GEORGE’S QUAYQUAY
BURGH
EDEN QUAY
BACHELOR’S WALKMIDDLE
WELLINGTON QUAYORMOND
CUSTOM HOUSE QUAY
NORTH WALL QUAY
SHERIFF STREET UPPER
EA
ST W
ALL R
OA
D
TARA
STREET
MO
SS S
T
LEESON STREET
sussex road
RA
NELA
GH r
oa
d
street upper
moreha
mpto
n road
DAME STREET
thomas STREET
bone
cork street
st. lukes
patric
k’s
street
cornmarketjames’ STREET
STREE
T
brid
gefo
ot
STR
EET
QUEEN
ST
REET
INNS QUAY
WOOD QUAY
USHER QUAY
ARRAN QUAY
ELLIS QUAYWOLFE TONE QUAY
VICTORIA QUAY USHERS ISLAND
BLA
CKHA
LL P
LACE
CHURCH S
TREE
T
trinity college
GRAND CANAL DOCKS
mountjoysquare
st. Stephen’sgreen
Phoenix Park
temple bar
river liffey
iveaghgardens
nationalconcert hall
THE GASWORKS
BOARD GAISTHEATRE
grand canal station
pearse streetstation
tara streetstation
connollystreetstation
st. Stephen’s greenshopping centre
george’s arcade
Tivolitheatre
st. patrick’s cathedral
christchurch
guinnessstorehouse
st. james gate guinness brewery st. james gate
guinness brewery
Customshouse IFSC
bank ofireland
National college
of Ireland
ilac centre
JERVISShopping
centreSMITHFIELD
Mater hospital
rotundahospital
crokepark
National convention
centre
3 arena
GIBSONHOTEL
centralbank
governmentbuildings
national gallery
merrionsquare
fitzwilliamsquare
STREE
T
STREET
STREE
T
STREET
D’OLIER ST.
QUAY
ABBEY STREET
LOWER ABBEY ST.HENRY STREET
parnell
STREET
square west
summerhill
am
iens
stre
et
stra
nd r
oad
TALBOT STREET
O’CO
NNELL STR
EET
GA
RDIN
ER STR
EET
GARD
INER STREET
North circular road
dors
et
STREET
stree
tlo
wer
parnell
lane
avenue
leeson
pepper canister church
GRAND CANAL
GRAND CANAL
WILTONPLACE
Milltown road
Mil
ltow
n r
oa
d
Clo
nsk
eagh r
oa
d
dun
drm
ro
ad
robuck roa
d
RiverDodder
RiverDodder
RiverDodder
University College Dublin
Beech Hill Office Campus
Elm Park Golf Course
St. vincent’sUniversity Hospital
St. Michael’s College
Merrion Centre
Herbert Park
stillorgan road
rock road
mount merrion avenuefost
er’s
aven
ue
stillorgan road
ailesbury road
eglington road
nutl
ey lane
donnybrook road
mer
rio
n ro
ad
stra
nd r
oa
d
sydn
ey p
ara
de avenue
sydney paradestation
sandymountstation
Lansdownestation
st. james HOSPITAL
RIVERCORMAC
MUSEUM OFMODERN ART
IRISH NATIONAL WAR MEMORIAL PARK
PEOPLE’S GARDEN
ST. JOHN’S ROAD WEST
SO
UTH
CIR
CULA
R R
OA
D
CON COLBERT ROAD
inchicore road
old kilmainham
emmet road
DOLPHIN ROAD
DOLP
HIN’
S BA
RN
PARNELL ROAD
NORT
H CIRC
ULAR
ROAD
AUGHRIM STREET
MANO
R STREET
HEUSTON TRAINSTATION
Mil
ita
ry
Ro
ad
Kilmainham LaneVICAR STREET
AISLING HOTEL
SPORTS GROUNDS
RANELAGH road
HERBER
T PARK
MARLBOROUGH ROAD
HARCOURT
CHARLEMONT
RANELAGH
Sean McDermott Street
Railway Street
For illustrative purposes only.
Red Luas line
DART lineLuas Cross City
Convention Centre
Aviva StadiumDublin Port
Dublin Port Tunnel
Connolly Station
3 Arena
IFSC
Busáras
DART
LUAS
For illustrative purposes only.
High-profile city centre location
Within minutes of major city and national transport hubs
650 metres east of O’Connell Street and the Henry Street retail district
700 metres north of the IFSC and Central Business District
Highly accessible to third level institutions such as Trinity College and DIT
Surrounding uses a mix of office, retail, residential and student accommodation
Luas stop
Grafton Street
O’ Connell Street
Gresham Hotel
Gardiner Street
IFSC
Trinity College
Busáras
Amiens Street
Temple Bar
Connolly Station
DART
LUASLuas stop
For illustrative purposes only.
The site provides an exceptional opportunity to develop a high density mixed-use development in a highly accessible city centre location. The new scheme will be well positioned to capitalise on the revitalisation of the area by developing a key block capable of providing a significant level of residential and commercial accommodation.
The property is located in an area undergoing substantial regeneration with numerous new developments either under construction or at the planning stage. Below is a brief snapshot of new schemes within the immediate vicinity of the subject site:
Development PotentialProperty Details
• A prominent city centre brownfield site extending to approximately 0.82 ha (2.04 acres)
• High-profile property with substantial dual frontage along Sean McDermott Street Lower to the north and Railway Street to the south
• The site comprises a former convent and contains a number of buildings of architectural importance including the 19th century terrace fronting onto Sean McDermott Street, the adjoining chapel to the rear, an archway
entrance to Railway Street, and a Portico façade which is on the Record of Protected Structures
• Other ancillary buildings include a two-storey semi-detached premises known as 77 Sean McDermott Street, a dormitory extension to the convent and a detached building adjacent to Railway Street
• A small portion of the site in the north-east corner, approx. 0.11 acre, is separated from the main holding by a charity accommodation building
The entire site is zoned Z5 - City Centre under the current Dublin City Development Plan 2016 - 2022.
Under this zoning classification permissible uses include the following:
Previous planning permission on the site was granted by Dublin City Council in July 2009. The permission was for a large mixed-use scheme comprising predominantly of apartments and office accommodation in blocks up to seven storeys (Planning ref. 1174/08).
This permission has since lapsed, however, it sets a positive planning precedent for the property and provides a reliable indicator as to the nature of development permissible on the site.
Asset Description
Town Planning
Residential Live-work units Amusement/leisure complex
Office Civic Offices Community facility
Conference centre Hotel Hostel
Shop (district/ neighbourhood/ major comparison) Home-based economic activity Enterprise centre/ Training centre
Education Medical and related consultants Media-associated uses
Public house Nightclub Restaurant
Science and technology-based industry
Warehousing (retail/ non-food)/ Retail Park Industry (light)
*For a full list of permissible uses please see the Dublin City Development Plan
1
2
3
4
5
6
1 Under construction: 374 student bed spaces
2 Under construction: 520 student bed spaces
3 Under construction: Primary care centre (4,325 sq m)
4 Planning granted: 80 apartments
5 Planning granted: 9 apartments
6 Completed: 137 apartments
7 Completed: 52 apartments
8 Completed: 56 apartments
9 Completed: 63 apartments
Subject Site
Student Accommodation
Medical/Health
Residential
Social Housing
For identification purposes only.
9
8
7
The Property
Sale Conditions
The property shall be disposed of by way of a development agreement with Dublin City Council. Further details and conditions are available on request.
Tenure
We understand the property is held under a combination of freehold and long leasehold title.
Services
We understand all public services are available to the property.
Part V
It should be noted that there will be no requirement for the provision of Part V social and affordable housing on this site.
Viewing
Strictly by appointment.
BER Rating
Exempt.
John Donegan+353 1 639 [email protected]
Mark McKernan+353 1 639 [email protected]
Rory Breen+353 1 639 [email protected]
Donal Kellegher+353 1 639 [email protected]
Cushman & Wakefield,164 Shelbourne Road,Ballsbridge,Dublin 4.Tel: +353 1 639 9300Licence No: 002222
www.cushmanwakefield.ie
Contact Further Information
Conditions to be noted: A full copy of our general brochure conditions can be viewed on our website at http://www.sherryfitz.ie/terms or can be requested from your local Cushman & Wakefield office. We strongly recommend that you familiarise yourself with these general conditions.
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