72 - 74 Old Kilmainham Road, Dublin 8, D08K2E4

KEY BENEFITS - Site area extends to 0.05 hectares (0.128 acres) - Zoned Objective 'Z6' - rezoning for residential use - Full Planning Permission for 62 co-living units. - Excellent public transport links - LUAS, Dublin bus and rail - Excellent location - approx. 2.5 km from Dublin city centre - Located 160 metres from St. James's Childrens Hospital The planning reference number is Reg. Ref. 4009/20 and the planning permission is for 62 co-living units with additional amenities, large shared kitchens, gym and a ground floor cafe. LOCATION AND DESCRIPTION Carrigan's, 72 - 74 Old Kilmainham Road occupies a high profile position on the corner of Brookfield Road and Old Kilmainham Road. The property adjoins DPL DIY Home Improvements Centre and is located opposite a new apartment block at the bottom of Brookfield Road which comprises 79 apartments and was developed by Kavco. The property is conveniently located within 160 metres from the New Children's Hospital and is within a short walking distance to the Hilton Hotel, Kilmainham Gaol, The Royal Hospital Kilmainham, St. Patrick's University Hospital and St. James's Gate Guinness Open Gate Brewery. There is already a strong precedent for 5 - 6 storey residential blocks in this immediate area and I understand that the new planning regulations may allow for 1 - 2 additional floors Subject to Planning Permission and quality of design. According to 'Hughes Planning and Development Consultants' most of the adjoining Z6 Zoned lands have been rezoned to allow for residential development (see map below). This could allow for higher density Social Housing and Private Rental Sector developments in this area given the close proximity to public transport. Given the close proximity to the new Children's Hospital, Kilmainham Gaol, The Royal Hospital Kilmainham, Dublin Zoo, St. James's Gate Guinness Store House and Open Gate Brewery this would also be seen to be a viable site for a new boutique hotel development. There was a feasibility showing how the site may suit an 80 bedroom hotel. Given the timeline for the completion of the new Childrens Hospital this Co-living development may suit staff working on weekly shifts and visitors to the hospital looking for lower rent accommodation. We have been informed that the site extends to approximately 0.05 hectares (0.128 acres) and comprises an existing 2 and 3 storey public house of approximately 575 sq.m. (6,189 sq.ft), which has been derelict for a number of years. This high profile corner site can be developed to accommodate a new apartment block or hotel S.P.P. According to Hughes Planning & Development Consultants there is definite potential to apply for planning permission for a new 8 storey 70 - 80 bedroom hotel or Social Housing apartment block comprising approx 35 - 40 apartments SPP. THE PROPERTY IS LOCATED LESS THAN: - 160 metres distance from the Children's Hospital - 550 metres from Rialto LUAS stop - 500 metres from the Hilton Hotel - 1 km distance from Heuston Train Station ASSET OVERVIEW - The property is located less than 160 metres from the National Children's Hospital - Located 2.5km from Dublin City Centre - 1km south west of Heuston Station, off South Circular Road, adjacent to Kilmainham Lane and to the south west of the Royal Hospital Kilmainham - Site area approximately 0.05 hectares (0.128 acres) - Attractive Lot size for a mixed use development - Lapsed planning permission for a 5 storey mixed use development comprising of 1 retail unit, 3 offices and 10 apartments - Zoning - The site is zoned 'Z6' Industrial, Enterprise, employment - Established residential and commercial area with excellent access to the M50 - There has been a strong increase in residential activity and residential prices in this area - Public Transport - LUAS Red Line (Rialto station - 5 minutes' walk), numerous Dublin Bus, Bus é‰ireann Routes, Iarnré³d Eireann, Heuston Train Station - Existing building is in poor condition and in need of replacement - Within walking distance of St. James' Hospital, may suit a Primary Care Centre/medical use with ancillary residential use. - Within a short walking distance from the Royal Hospital Kilmainham, Heuston South Quarter, Diageo, Guinness Storehouse, Pearse Lyons Distillery & Roe & Co. Distillery etc. ZONING AND DEVELOPMENT POTENTIAL The subject site currently is zoned Z6 'Employment/ Enterprise in the Dublin City Development Plan 2016 - 2022. - Permissible Uses ATM, Betting Office, Car park, Childcare facility, Conference centre, Cultural/recreational building and uses, Enterprise centre, Hotel, Industry (light), Live work units, Open space, Park and ride facility, Public service installation, Restaurant, Science and technology-based industry, Shop (neighbourhood),Training centre. - Open for Consideration Uses Advertisement and advertising structures, Car trading, Civic and amenity/recycling centre, Factory shop, Funeral home, Garage (motor repair/service), Nightclub, Office, Outdoor poster advertising, Petrol station, Place of public worship, Public house, Residential, Veterinary surgery, Warehousing (retail/non-food)/Retail Park, Warehousing. CURRENT PLANNING PERMISSION The planning reference number is Reg. Ref. 4009/20 and the planning permission is for 62 co-living units with additional amenities, large shared kitchens, gym, Bicycle store and a ground floor cafe.