€5m guide for Dublin 2 development opportunity

27 June 2018

3 – 6 Cardiff Lane, a 440 square metre site situated behind the renowned Ferryman pub – and next to the Clayton Hotel, Dublin 2 – is being sold as a development opportunity by Savills with a guide price for offers in excess of €5m.

The site is currently occupied by two retail units trading as Starbucks and Arena Kitchens with a current combined rent roll of €58,000 p.a. and a rent review outstanding.

A feasibility study prepared by BKD Architects indicates that – subject to planning approval – the site could accommodate 17 1-3-bedroom apartments above 210 sqm of retail space, plus 17 bicycle spaces. The development may also be suitable for office accommodation.

In addition to its prime Dublin 2 location, 3 – 6 Cardiff Lane also benefits from frontage onto Cardiff Lane, between Sir John Rogerson’s Quay and Grand Canal Dock.

The immediate area is home to many global businesses, including Accenture, AirBnB, Facebook, Google, HSBC and State Street, along with several leading law firms such as Matheson, McCann Fitzgerald and William Fry.

It is also ideally located for leisure guests as it is opposite the Bord Gáis Energy Theatre and near the Convention Centre Dublin, 3Arena, Aviva Stadium & Croke Park.

The property is within walking distance of the core shopping districts of Grafton and Henry Streets and has excellent transport links via DART, Luas, Irish Rail and the Dublin Port Tunnel.

Ebba Mowat, Associate, Savills Ireland comments:

“This provides an excellent residential or office development opportunity with potential for a new building within the South Docks. Opportunities to acquire such a site are rare and we expect strong interest”.

 
 

General Enquiries

Dublin Commercial

 

Key Contacts

Ebba Mowat

Ebba Mowat

Associate
Development Land

Dublin Commercial

+353 1 618 1413

 

Andrew Smyth

Andrew Smyth

Divisional Director - Head of Marketing & Communications
PR & Internal Communications

Dublin Commercial

+353 (0) 1 618 1479