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MacDonagh Junction Station, Kilkenny, Co. Kilkenny

Price on Application
Development Land For Sale | 
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Overview

Property Description:

This is a significant hotel and business development opportunity in Kilkenny City on a site immediately adjoining MacDonagh Station and MacDonagh Junction Shopping Centre on the Dublin Road only 10 minutes' walk to the Medieval mile and with excellent road frontages. Kilkenny has a unique character and the property is close to historic buildings situated along the Kilkenny Medieval Mile, Kilkenny Castle, High Street and the new Abbey Creative Quarter/Brewery Site by Kilkenny County Council will provide residential accommodation, retail units, a hotel and offices.

Kilkenny City is renowned for its cultural festivities including Kilkenny Cat's Laugh Festival, Kilkenny Arts Festival and Yulefest which subsequently promote Kilkenny as an attractive tourist destination.

The recovery of the hotel and tourism industries has resulted in significantly increased hotel room occupancies and demand for quality accommodation in the city. This increasing demand is likely to drive the market interest in acquiring this development opportunity as there is pent up demand from funds, investors and developers to acquire well located central city sites for hotel development.

There is a considerable shortage of good quality hotel accommodation in Kilkenny City and the site is expected to draw considerable interest from high profile national and international hoteliers as well as for other potential commercial uses.

Description

The site, which is currently used as a 45-space car park use, extends to approx. 0.33 Ha (0.82 acres) and is zoned 'General Business' under the Kilkenny City & Environs Development Plan 2014-2020.

The site has the benefit of planning permission for a 135-bedroom hotel, leisure and conference facilities, offices and ancillary uses/restaurants/bars all approx. 9,975 square metres under the MacDonagh Junction development parent permission (Building No.6) granted by An Bord Pleanala in 2004. Reference Number: PL 62.207285.

The site is likely to suit a landmark building subject to the agreed detail of a planning application in the future.  Development works will not impair the operation of MacDonagh Train Station or MacDonagh Junction Shopping Centre. 

Tender

Register your interest with Lisney for access to the bidding documentation including a 5-year building licence (agreement for lease) and a 300-year ground lease (Minimum initial licence fee €175,000 p.a.).  The interested parties are invited to bid in a tender process by 12 noon on Friday 28th June 2019.


Features
Substantial Hotel/Commercial Opportunity at Kilkenny City - MacDonagh Junction Station Site 0.327 Ha (0.808 acres) beside MacDonagh SC, Dublin Road
On the instructions of CIE Group Property Management
Existing planning permission for a 135-bedroom hotel, leisure and conference facilities, restaurant, bars of 9,975 sq.m.
The site, which is currently used as a 45-space car park use, extends to approx. 0.33 Ha (0.82 acres) and is zoned General Business under the Kilkenny City & Environs Development Plan 2014-2020.
The interested parties are invited to bid in a tender process by 12 noon on Friday 28th June 2019.


Lease Details
Register your interest with Lisney for access to the bidding documentation including a 5-year building licence (agreement for lease) and a 300-year ground lease (Minimum initial licence fee €175,000 p.a.).


Location

On the instructions of CIE Group Property Management


Substantial Hotel/Commercial Opportunity at Kilkenny City - MacDonagh Junction Station Site 0.327 Ha (0.808 acres) beside MacDonagh SC, Dublin Road


Existing planning permission for a 135-bedroom hotel, leisure and conference facilities, restaurant, bars of 9,975 sq.m.  (107,400 sq.ft.) expiring in 2020. Zoned General Business under the Kilkenny City & Environs Development Plan 2014-2020.

Kilkenny City is a flagship destination under the "Ireland's Ancient East" brand. 613,000 tourists visited Co. Kilkenny on average last year and there are significant opportunities in Kilkenny for additional bed capacity to accommodate future growth. Failte Ireland Hotel Stats: Kilkenny ARR: €105. Occupancy: 78%. RevPAR: €76.


Kilkenny is a most attractive tourist destination with the renowned Kilkenny Castle, the Medieval Mile of historic attractions, shopping on High Street plus the Kilkenny County Council masterplan area of the Abbey Creative Quarter which will provide residential, retail, hotel and offices. Festivals include Kilkenny Cats Laugh Festival, Kilkenny Arts Festival and Yulefest.

 

Daft Property Shortcode:

https://www.daft.ie/5851619

Date Entered/Renewed:

19/10/2019 (today, 10 hours ago)

Property Views:

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Address:

MacDonagh Junction Station
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Ben Fitzgerald

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