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Gardiner St Georgians at €4.5m have hotel potential

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Georgian buildings offer potential for redevelopment

Georgian buildings offer potential for redevelopment

Georgian buildings offer potential for redevelopment

Greg Kaveh of CBRE is quoting a price of €4.5m for Nos 63-66 Gardiner Street, a portfolio of four adjoining mid-terrace Georgian buildings offering significant potential for redevelopment in the heart of Dublin city.

The properties are all four-storey over basement and are being offered for sale in three lots.

Lot 1: No 63 Gardiner Street Lower extends to 2,860 sq ft and is partly-let, producing a rent of €30,000 per annum.

Lot 2: No 64-66 Gardiner Street Lower extend to 8,170 sq ft in total, and are partly let, producing a combined rental income of €160,000 per annum.

Lot 3: The Entire comprises the four Gardiner Street Lower buildings. Extending to 11,030 sq ft, the portfolio delivers an annual rent roll of €190,000.

There is parking for 30 cars to the rear of the property with access via Moland Place.

A feasibility study by Chris Ryan Architects & Designers suggests that the site, subject to planning permission, could accommodate a 31-unit Hotel/Aparthotel. Greg Kaveh expects "considerable" interest in the property owing to its location.

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