118, 119 & 120 Dorset Street Upper, Phibsborough, Dublin 7, D01F2H7

3 x three storey mixed use buildings on the site that are approx. 371.6 sq.m.(4,000 sq.ft.) in size Location The subject property is located to the north west of Dorset Street Upper close to the high profile junction of St. Mary€TM Place North and Granby Row, which leads directly onto Parnell Square and the Rotunda Hospital. The subject property is located directly opposite the Maldron Hotel Parnell Square and some of the adjoining occupiers include St. Mary€TM Primary School, Dorset Point €" Aparto student accommodation, Wishbone, Woo Design, Evercam, Centra on Maye€TM Corner with it€TM infamous €Mayes Time€TMGuinness sign and a host of local convenience shops, cafes, pubs,, restaurants etc. on Dorset Street. The subject property is conveniently located close to Parnell Square at the top of O€TMonnell Street plus 3 large national hospitals (Mater, Temple Street and Rotunda) and is within walking distance of the TUI (Technical University Ireland) Grangegorman College Campus and King€TM Inn law society.  The TUI Grangegorman College Campus has 22,000 students and staff on site. The property is located less than 125 metres from Parnell Square and less than 500 meters from the top of O€TMonnell Street. There are a host of popular eateries and shopping facilities in this location that my appeal to short term residential tenants e.g. Tesco, Lidl, Aldi, Ilac Shopping Centre (Dunnes Stores) as well as several new developments including Clerys (McKillen) and the proposed Dublin Central (Hammerson) development. The Dominick Street LUAS (tram) station is less than 430 meters from the property and there are a host of bus routes including the air coach serving Dorset Street, Parnell/ O€TMonnell Street as well as several train stations within a short walking distance from the property (Tara Street/ Connolly and Drumcondra). The LUAS extension and TUI Grangegorman has had a very positive impact on this part of town and the Dublin 1 and 7 area, with a strong growth in demand for residential properties in the area and spin off business with the arrival of several new café, retail offerings in the area. Description 118, 119 & 120 Dorset Street Upper comprises a total site area of 0.029 hectares (0.07 acres). This is a high profile site located at the main Dorset Street and St Mary€TM Place North junction, directly opposite the Maldron Hotel Parnell Square and within a short walking distance from Parnell Square and O€TMonnell Street.   There are 3 existing 3 storey mixed use buildings on the site that are approx. 371.6 sq.m.(4,000 sq.ft.) in size plus a small enclosed yard area at the rear that backs directly on to St. Mary€TM Primary School. The terrace of 3 buildings have ground floor retail units with separate entrances to the residential upper floors. The 2 upper floors are in poor condition and have split up into over the shop apartments. A developer may look to refurbish the existing buildings or look to add additional floors to the buildings. Some of the adjoining properties extend to 5 - 7 storeys in height and there are several new developments in the area e.g. Dorset Point Aparto student accommodation, Big Tree Hotel, Maldron Hotel and the new 90 bedroom Bolton Street hotel that is under construction etc.  We understand that the existing mixed use buildings are not protected structures and could be knocked and replaced with a new 5 storey development comprising of 44 studio apartments with a ground floor retail unit SPP. A Feasibility Report by CDP Architecture for this 44 bedroom development is available upon application. In addition to apartments this site may appeal to developers looking to accommodate nursing staff, or apartment hotel accommodation given the convenient location close to 3 hospitals. It may also suit student accommodation, or a boutique hotel operator given the city centre location close to Parnell Square and O€TMonnell Street as well as Smithfield, Croke Park etc., subject to planning permission. There may also be potential to purchase the adjoining corner building along Mary€TM Place North to increase the size of the development as this may allow the development of an additional floor  subject to planning permission. Town Planning LAND-USE ZONING OBJECTIVE Z15:  Dublin City Development Plan 2016  - 2022 Z15   Community and Social Infrastructure Z15 €" Permissible Uses Assisted living/retirement home, buildings for the health, safety and welfare of the public, café/ tearoom (associated with the primary use), cemetery, childcare facility, club house and associated sports facilities, community facility, cultural/recreational building and uses, education, medical and related consultants, open space, place of public worship, primary health care centre, public service installation, residential institution (and ancillary residential accommodation for staff), sports facility and recreational uses. Z15 €" Open for Consideration Uses Allotments, car park ancillary to main use, civic and amenity/recycling centre, conference centre (associated with the primary use), crematorium, craft centre/ craft shop (associated with the primary use), municipal golf course, residential (only in accordance with the highly exceptional circumstances set out above), restaurant, shop (local), student accommodation (associated with the primary institutional use), training centre (associated with the primary use), veterinary surgery. Solicitor TBC Title We understand that the property is held Freehold