Monday 24 October 2016

€850k for B&B in key Dublin city location

Published 13/10/2016 | 02:30

The Gate Lodge has potential for use as offices
The Gate Lodge has potential for use as offices

CBRE's John Ryan is seeking offers in excess of €850,000 for a high-profile Georgian building at 3 Conyngham Road, Dublin 8.

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Located directly opposite the Criminal Courts of Justice and the main entrance to the Phoenix Park, the property currently trades as the Gate Lodge B&B.

It is positioned at the intersection of Conyngham Road, Infirmary Road and Parkgate Street - a busy street which links Dublin City Centre to the densely-populated suburbs of Castleknock, Chapelizod, Palmerstown and Lucan.

The property benefits from excellent transport links and is convenient to Heuston's mainline rail station, the LUAS light rail system and numerous bus services.

The extensive three-storey over double-basement redbrick fronted property (a protected structure and 3 Star Fáilte Ireland registered bed and breakfast business) extends to approximately 381 sq m.

The building's accommodation comprises six-bedroom guest accommodation over its ground and first floor levels. There is a second entrance at basement level leading to a private owner's accommodation over the double basement levels. Outside there is a south-facing rear garden.

Ryan believes the Gate Lodge B&B offers an excellent opportunity to acquire a long-established and successful home and income business, which has been in the same family ownership for more than 70 years. He says the property has been very well maintained and upgraded to provide comfortable guest accommodation throughout. The business currently enjoys a satisfactory level of turnover.

As a B&B, the property is well located and close to a number of Dublin's main tourist attractions - including the National Museum at Collins Barracks, Dublin Zoo, the Guinness Storehouse and Kilmainham Gaol.

The property, which is located near the site of the proposed new National Children's Hospital, also offers alternative potential uses, including conversion to offices.

Planning permission granted previously for the building's change of use to offices lapsed in 2014.

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