Nos. 23, 24 & 29 Parkgate Street, Dublin 8 D08 WF6W

Description

A strategic site presenting a "development opportunity" suiting a wide variety of uses in a rapidly changing Dublin city centre location. The site area extends to c.0.31 hectare (c.0.77 acres) currently comprising a motor showrooms with ancillary offices and workshop, two storey office building and forecourt at 23/24 Parkgate Street together with two tier car-park to the rear linking the property to 29 Parkgate Street which comprises a two-storey retail shop.

The motor showroom showrooms including the forecourt provides frontage of c.44.5m (144 feet) onto Parkgate Street with a second entrance and frontage of c. 10m (33 feet) at No. 29 Parkgate Street giving access to the rear car park which has capacity for c. 80 cars.

Location

The subject property occupies a high-profile position directly across from Heuston Station on Parkgate Street between its junctions with Benburb Street/Wolfe Tone Quay and Infirmary Road.  The surrounding area is steeped in culture, with the Museum of Modern Art, National Museum of Ireland, Kilmainham Gaol Museum, Royal Hospital Kilmainham, Guinness Store House and Phoenix Park all located within walking distance of the property. Phoenix Park is home to Aras an Uachtarain and Dublin Zoo, and hosts multiple events throughout the year.

Local amenities include shops, restaurants and some renowned Public Houses Nancy Hands and FXB Ryans all on Parkgate Street.

The property is well serviced by public transport facilities, with the Luas at Heuston Station providing ease of access to the city centre, with the cross-city Luas providing connectivity to Dundrum and beyond. There are several bus routes providing links to Dublin City and the surrounding area.

The site is located in an area which is undergoing a significant regeneration with Diageo (Guinness) plans to develop 12.6 acres of its St. James Gate Property in a major new rejuvenation project known as the St. James Quarter. In addition, the landmark Hickeys site located across the road is due for development which we understand will comprise a mix of residential and commercial.

Accommodation

Approx. Gross Internal Floor Areas:

23/24 Parkgate Street                                            

Motor Facility (Ground Floor) - Westbrook Motors           1,019.6 sq.m.     10,975 sq.ft.

First Floor - Westbrook Motors                                                     151.9 sq.m.          1,635 sq.ft.

Office Building (2 Storey) - Vacant                                               116.10 sq.m.       1,250 sq.ft.                        

29 Parkgate Street                          

Ground Floor - Natural Bakery Company                             120.8 sq.m.      1,300 sq.ft.

First Floor - Vacant                                                                               75.7 sq.m.          815 sq.ft.

Total                                                                                               1,484.10 sq.m.      15,975 sq.ft.

Sale Highlights

  • Prime City Centre Development Opportunity
  • Approx. 0.77 acres/c. 0.31ha
  • Zoned Z5 to suit Residential, Hotel, Office, Retail, Aparthotel, Student Accommodation etc (spp)
  • Excellent tourist attractions close by including Phoenix Park, Guinness Storehouse Royal Kilmainham Hospital
  • Heuston Station located directly opposite the property
  • Total net income:  c. €105,000 per annum
  • Tenants not affected

Town Planning

The site is zoned Objective Z5 - "City Centre" under the Dublin City Development Plan 2016 - 2022. This zoning provides for a wide range of uses including Residential, Hotel, Aparthotel, Co-Living, Retail, Offices, Motor Showrooms etc. (spp).  

Services

We understand that all mains services are available to the property. However, interested parties are advised to satisfy themselves as to the presence, adequacy and availability of all services.

Title

We understand the property is held Freehold. Vacant possession is provided to the car park, office building and the first floor of 29 Parkgate Street.

Currently let on 2 Leases to Westbrook Motors and Natural Bakery Company (expiring Oct 2022)

Annual Licenses on c.80 car parking spaces.  Total Net Income:  c. €105,000 per annum.

BER

BER Rating B3/E1

BER Number: 800121337 / 800075731

Energy Performance Indicator: 970.22 / 1063.8 kWh/m2/yr     

VAT

We understand VAT is not payable on the sale of the property.

VIEWING

Viewings are to be arranged strictly by appointment through Finnegan Menton.

Contact: Nicholas Corson or Mark McCormack on 01 614 7900 or ncorson@finneganmenton.ie; mmccormack@finneganmenton.ie