Ready-to-Go Redevelopment Opportunity

South Great George’s Street, Dublin 2

41-46 Lower South Great Georges Street knight frank redevelopment opportunity

Knight Frank are delighted to introduce an exciting ‘ready-to-go’ retail / office redevelopment opportunity situated only 260 metres from Grafton Street to the market. 41-46 South Great Georges Street and 51-53 Lower Stephen Street are being sold by private treaty with a guide price of €6 million exclusive.

Historically, the buildings were previously occupied by Dockrells hardware store which was one of the city’s best known businesses for a century and a half until the early 1970s. At present, the property is split into a number of units which extend to approx. 2,250 sq.m. on a site area of approx. 0.26 acres. The building is vacant apart from Jaipur restaurant which occupies the ground floor corner unit on a licence agreement (vacant possession can be available on the entire).

There are two live planning permissions in place for a redevelopment of the entire property; for the demolition of the existing structures with the retention of the façade onto South Great Georges Street and part of the façade onto Stephen Street Lower and the construction of 5,177 sq.m. gross floor area of office and retail accommodation, and for the refurbishment and extension of the existing buildings to provide 2,486 sq.m. net retail accommodation in 3 units.

The property has excellent profile, situated on the east side of South Great Georges Street at the junction with Stephen Street Lower. South Great George’s Street is predominately made up of destination and discount retailers, convenience stores, pubs, restaurants and coffee shops. The property is also located adjacent to George’s Street Arcade which is Europe’s oldest shopping centre.

The property benefits from excellent customer parking at the adjoining Drury Street Car Park with over 2,700 car parking spaces available in the immediate area. The location is underpinned by its ease of access to a wide variety of public transport facilities including the LUAS Green Line at St Stephen’s Green and Dublin Bus.

James Meagher of Knight Frank expects considerable interest in this exciting opportunity and commented that there is a significant lack of new retail / office opportunities in Dublin 2.

For more information contact Finín O’Driscoll or James Meagher at 01 634 2466 or see KnightFrank.ie.

 

Knight Frank

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