Dublin, 12th October 2021 - CBRE are delighted to offer for sale the Vicar Street Hotel Site, Dublin which is an exceptional opportunity to develop a 185-bedroom hotel with full planning permission adjacent to the world-renowned Vicar Street music venue. The hotel site is offered with a guide price in excess of €12m.
- Full Planning Permission for 185 bedrooms
- Rooftop Bar and Restaurant with outdoor Terrace
- Prime Dublin 8 location with notable developments planned in the immediate area
- Walking distance to Dublin’s major tourist attractions
- Strong Economic Outlook for Dublin
The site presents prospective purchasers with an opportunity to work with the music venue and benefit from the following:
- Use of the registered name “Vicar Street Hotel”
- Access to Premium Tickets for guests
- The hotel to offer a VIP Club for artists playing at the venue and use of the facility for pre and post gig parties
- The opportunity to promote the “Rock & Room” concept
- Artists and their entourage when booking the venue will be offered premium room packages at the Vicar Street Hotel
- The Vicar Street Hotel to be included in all of the Venue’s media promotions
The site is located in the centre of The Liberties, one of Dublin’s most historic and vibrant areas which dates back to the 10th century. The Liberties has witnessed significant new construction and redevelopments in recent years, predominantly in the form of hotels, purpose-built student accommodation, residential schemes and office buildings. Two notable development schemes in the immediate area are the regeneration of Newmarket Square and The Guinness’ St James’s Quarter. Both schemes have a combined commercial value of over €1 billion and are set to support a range of independent retailers, digital and media start-ups, small enterprises and also enhance the tourism and hospitality offering.
The site is also located only a short walk to many of the city’s main attractions including Temple Bar, Trinity College, Guinness Storehouse, St. Stephen’s Green, O’Connell Street and Grafton Street.
Dublin’s main venues – the 3 Arena, the Bord Gais Energy Theatre, Convention Centre Dublin (CCD), Croke Park and the Aviva stadium are all very accessible. The site’s proximity to public transport – the LUAS, bus and mainline railway stations – makes this an ideal location for visitors.
Alexandra Sheeran, Senior Analyst, CBRE, commented:
“The Vicar Street Hotel site is an exclusive opportunity for parties to develop a boutique / lifestyle hotel in one of Dublin’s most vibrant and developing areas. There is strong demand for Dublin city centre hotel development opportunities that have been offered for sale recently and we continue to see strong pent-up demand from international parties looking to invest in Dublin”.
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com