The Clifton Court Hotel, 10 – 12 Eden Quay, Dublin 1 D01 V6F4 Dublin 1

Restaurant / Bar / Hotel For Sale – 19,253 sq. feet (1,789 sq. metres)

THE CLIFTON COURT HOTEL

This high-profile Georgian property is 13.5 meters wide and overlooks the River Liffey, it is only 70 meters from O Connell, Dublins main retail street and thoroughfare. This mixed-use property comprises a ground floor and basement Irish Bar, Japanese restaurant with 30 bedroom hotel overhead.

There is a total passing rent of 854,000 euro p.a. 620,000 euro p.a. from Fobairt Orga Teoranta Ltd. and 234,000 euro p.a. from the James Connolly bar and Kyodai Izakaya Japanese restaurant). The properties were rebuilt in 1917 and have a flat roof, there could also be potential to develop the property upwards and add 1 to2 floors of additional hotel bedrooms (<20 bedrooms SPP).

 

THE LOCATION

This high-profile city centre bar/restaurant and hotel premises is located to the northeast of OConnell Street directly overlooking the River Liffey, Rosie Hackett Bridge and the boardwalk, which runs from the Custom House to the Four Courts. OConnell Street is the main and busiest thoroughfare in Dublin City Centre and runs from OConnell Bridge up to Parnell Street. Recent statistics from DublinTown.ie show that it has a weekly footfall of 203,000 outside Clearys. There is a loading bay and bicycle rack directly outside the property, 7 bus stops and the Aircoach as well as a host of city centre bus route stops nearby.

 

The Abbey Street LUAS Station is less than 110 meters from the property, Tara Street train station is approx. 255 meters and Busaras Bus Depot is approx. 405 meters walking distance from the subject property. The property is within a very short walking distance from the Abbey Theatre, GPO General Post Office visitor centre, The Spire, Customs House, EPIC Museum, CHQ Building, Savoy Cinema and Heny Street. The immediate area has seen significant additions and improvements with the recent refurbishment and development of Clerys Quarter and arrival of Decathlon, H & M, Rotunda Maternity Hospital and the Moxy Hotel.

 

DESCRIPTION 10 and 11 Eden Quay comprises 2 interconnecting mid terrace Georgian buildings that were built in 2017. The Georgian buildings have modern ground floor shopfronts with large feature windows and Portland Stone granite facades at ground and first floor with Flemish bond red brick facades at the upper floors. Number 10 Eden Quay is a four-storey over basement Georgian building with a four-storey extension to the rear. Number 11 Eden Quay is a five-storey over basement Georgian building with a part three-storey, part two-storey extension to the rear.

 

The 2-star hotel has a separate entrance and has been recently refurbished to a reasonably high standard and comprises 30 bedrooms with a mix of single, double, and triple en-suite bedrooms with a reception, kitchen and breakfast lounge located at first floor. A detailed planning and building report is available on application.

LEASES

Forbairt Orga Teoranta Limited hold a 10-year Lease from 28th May 2022 and pay a current rent of 620,000 euro p.a. for the 30 bedroom hotel. There is a mutual break option at the end of the fifth year, subject to 6 months notice.

 

The James Connolly bar and Kyodai Izakaya Japanese restaurant also hold a 10-year Lease with a five year break option from 2023. The ground floor and basement have a capacity for 600 customers. ZONING The property is zoned Z5 City Centre€TMunder the Dublin City Development Plan 2016 to 2022 – To sustain life within the centre of the city through intensive mixed-use development. The property is listed as a Protected Structure (2483/ 2484).

 

PLANNING PERMISSION A detailed planning history is available in the OCarroll Fitzgerald Property Review

 

SERVICES

We understand that all mains services are connected to the property.

 

TITLE

Long Leasehold SOLICITOR Edward Healy Edward Healy Solicitors LLP Pembroke House, 28-32 Pembroke Street Upper, Dublin 2. Ph: 01 608 7784