The Old Bank Building 162-165 Phibsborough Road, 362 North Circular Road, Phibsborough, Dublin 7 Dublin 7

Restaurant / Bar / Hotel For Sale – 11,636 sq. feet (1,081 sq. metres)

A unique opportunity to purchase a high profile mixed use former bank building on Doyle’s Corner in the heart of Phibsborough.

This 3 storey over basement building has a fitted ground floor restaurant in the old banking hall with ample basement storage space and a mix of cellular offices over the first and second floors.

LOCATION

The Old Bank Building occupies a very high-profile landmark position on the corner of Phibsborough Road and North Circular Road, to the southeast of the famous Doyles Corner junction, right in the heart of Phibsborough, and only 1.2 kilometres from OConnell Street. This is one of the main arterial roads coming into Dublin city centre from the Navan Road as well as the suburbs Glasnevin/Finglas and north county Dublin. There is a huge volume of traffic passing this extremely busy junction daily. The area is very well serviced by public transport and the subject property is located less than 500 metres walking distance from Phibsborough LUAS station.

There are a host of buses serving Doyles Corner, including numbers 4, 9, 38, 38a, 38b, 38d, 46a,81, 83, 83a,120,140 and 814. The Old Bank building is less than 75 metres from Phibsborough Shopping Centre, which has full planning permission for a new shopping centre and civic plaza linking to Dalymount Park and 297 co-living units. We understand that DCC have plans to redevelop Dalymount Park (home to Bohemian FC) into a new UEFA category three football stadium, which should be able to hold larger football games and events. In addition to Phibsborough Shopping Centre there are a host of shops, offices, cafes and pubs serving the Phibsborough Road immediate area. The property is also a short walking distance from the Mater Hospital and TUI Grangegorman University Campus which is home to approximately 22,000 students and staff and plans to house another 3,500 staff in Workday’s new Dublin Headoffice building SPP.

DESCRIPTION

The Old Bank Building is an impressive, predominantly red brick, three-storey over-basement Italianate period landmark building that was built c.1890 in the late Victorian and early Edwardian period, and was formally home to the Munster and Leinster Bank. Many of the period features have been kept intact, including the Munster and Leinster monograms on the front elevation, and impressive brick pilasters to the front and north elevations with Flemish bond red brickwork.

The ground floor exterior is mainly limestone with impressive marble columns and limestone pilasters, and fascia with square-headed windows and sash windows overhead. There are several period fireplaces and mantlepieces in the highceiling period offices, as well as cornicing and architrave and other decorative features. The ground floor restaurant has a Net Internal Floor Area of approximately 250 sq.m. (2,687 sq.ft.) and has been fitted out to an extremely high standard to accommodate Lorettas restaurant.

The architect (R.C. Design Services) has carefully placed a suspended ceiling under the original bank hall ceiling so as not to damage the original ceiling and to allow for the installation of modern services, such as air conditioning cassettes, fans, and lighting. Lorettas restaurant has been fitted out to a very high standard to include herringbone flooring, down lights, a long leather couch, several leather seating booths, a fully fitted kitchen, prep area, storeroom (old bank vault), staff changing area with toilets, ladies, gents, and differently-abled toilets. The restaurant currently seats 80 customers at the moment, but may be able to seat more if the table layout is changed .

The overhead offices are self-contained with a separate entrance from North Circular Road, and are currently split up into approximately 14 individual offices of varying sizes that benefit from excellent floor to ceiling height, and good natural light from period sash windows. These bright and spacious offices have period property features including sash windows, fireplaces, mantlepieces, cornicing and architrave.

There are shared toilets and kitchens on each level with fire escape access on to Phibsborough Road. The entire building has a Gross Internal Floor Area of approximately 1,081.3 sq.m., and Net Internal Floor area of approx. 926.7 sq.m. The ground floor restaurant has a Net Internal Floor Area of approximately 250 sq.m. (2,687 sq.ft.) and has been fitted out to an extremely high standard to accommodate Loretta’s restaurant.