€425k for prime opportunity beside Garda HQ & courts
Agent Quinn Agnew is seeking offers in excess of €425,000 for a redevelopment opportunity directly opposite the Criminal Courts of Justice and the site of the newly announced Dublin Region Garda headquarters.
While the T. May off-licence on the corner of Infirmary Road and Montpelier Hill in Dublin 7 currently comprises of a detached, two-storey over part-basement building, planning permission was granted in May 2013 to redevelop the property to a four-storey, over-basement retail and office development.
Enda Kearns, of Quinn Agnew, expects demand for this property to come from owner-occupiers, developers, and investors.
The property offers the opportunity to carry out refurbishment works, develop the site in line with its existing planning permission, or to apply for an alternative scheme. The property is held by way of freehold title, and VAT is not applicable on the sale.
The area has excellent transport links and is accessible to the Heuston mainline rail station, the LUAS Red Line and bus services.
The surrounding area has undergone redevelopment over recent years with the construction of apartments and office buildings in and near Parkgate Street, St John's Road, and Conyngham Road.
Nearby occupiers include the Phoenix Park Hotel, Parkgate Place Business Centre and Paddy Power, which are all close to the Phoenix Park.
T. May opened 125 years ago when the licence to allow for alcohol sales on the premises was sourced by Charles Stewart Parnell, a family friend. Until the 1960s, the family operated a Guinness bottling plant in the cellar.
The shop had an affinity with the annual Liffey Swim and the late Tommy May, who was handed the shop by his father Tom Snr, won the race in 1956 as a teenager.
From 1977 the May family sponsored the ladies' Liffey Swim at a stretch of river at Islandbridge Memorial Park.
Women were not allowed to swim the same quays course under the bridges of the River Liffey as the men until 1991, when the ladies' race was moved to the main course on the River Liffey through the heart of the city centre.