For Sale by Private Treaty 40-47 Fleet Street | Dublin 2s3-eu-west-1.amazonaws.com/mediamaster-s3eu/e/a/ea...location on Fleet Street in Temple Bar, close to Temple Bar Square, Trinity

For Sale by Private Treaty 40-47 Fleet Street | Dublin 2

Number of guestrooms currently open and trading.

FPP for 56 net guestrooms in new towerblock to rear of existing hotel.

Total net number of guestrooms uponcompletion of the extension, as per the

most recent grant of planning permission.

101

56

157

ON THE AVENUE TO CULTURE IN DUBLIN 2, IN THE BEATING HEART OF TEMPLE BAR

INTRODUCTIONJLL has been appointed as exclusive selling agents for the boutique, high quality and rare, Temple Bar Inn. This prime property, which is situated in the heart of Dublin’s thriving Temple Bar area, also includes a large ground floor Tesco retail unit (tenant unaffected).

Offered for sale with freehold title and the benefit of full vacant possession, this modern 101 guestroom three star hotel boasts the best trading location in Temple Bar, fronting onto its main thoroughfare of Fleet Street in Dublin 2.

Combining a highly profitable trading business with a prime retail unit at ground floor level, the Temple Bar Inn offers prospective purchasers a rare foothold in the Dublin hotel market.

The hotel also offers exciting upside and expansion potential, including planning permission for a 56 net guestroom extension.

Planning permission is also in place for this development to be further extended by 29 net additional guestrooms, on expiration or break of the Tesco lease.

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Occupying a prime city centre location on Fleet Street in Temple Bar,

close to Temple Bar Square, Trinity College and all of Dublin’s major

tourist attractions.

An extensively refurbished hotel and ground floor retail unit, Temple Bar Inn opened in July 2014 and it has been finished to an attractive and

modern boutique standard.

Available with the benefit of freehold title and vacant possession of the hotel element, accompanied by high quality secure income from

Tesco Ireland Limited.

A highly profitable hotel business with exciting scope for further enhancement

including a major expansion of the existing F&B offering to include

capturing some of the lucrative Temple Bar lunch, dinner and all day bar trade.

The Dublin City Centre hotel market is one of the fastest growing

markets in Europe, posting an impressive RevPAR growth

of +8% in 2017 and +7% in 2018.

The property also boasts development potential, with planning granted for an additional 56 net guestrooms, located within a tower block to the rear of the

hotel. There is potential to add a further 29 net guestrooms over time.

INVESTMENT HIGHLIGHTS

A UNIQUE PROPERTY

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Temple Bar Inn | For Sale

The property was converted into a high quality boutique budget hotel offering, officially opening on 17th July 2014. The property also includes a prime retail unit leased to Tesco.

All 101 hotel guestrooms are high quality throughout, boasting numerous attractive features including the latest in-room technology including super high speed broadband, Smart Flat Screen TVs, secure key card access and attractive en-suite bathrooms throughout.

At basement level, the hotel also offers a spacious reception and lobby lounge, along with a generous double height restaurant area, serving cold and hot buffet breakfast. This expansive space, when benchmarked against other comparable outlets, offers significant upside potential. The F&B space also offers its own external access out onto Fleet Street.

The property has been finished to a high standard throughout and has recently been granted a full publican’s licence.

ONE OF DUBLIN’S MOST HIGH-TECH HOTELS, BOASTING MAJOR UPSIDE POTENTIAL

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A PIVOTAL LOCATIONThe Temple Bar Inn is ideally situated on Fleet Street, the main thoroughfare in Dublin’s bustling Temple Bar. It is moments away from Trinity College, which is Dublin’s most prestigious university and one of Ireland’s most popular tourist attractions. O’Connell Street, The GPO and the Guinness Storehouse are also all within short walking distance.

The Temple Bar district is one of Dublin’s most coveted hotel trading locations, experiencing extremely high leisure demand all year round. The local area is also experiencing an uptick in corporate demand with major corporate occupiers such as The Irish Aviation Authority, CompuB, Trinity College, Bank of Ireland, Ulster Bank and The Irish Times.

The property is very well connectedto major transport links, with a new LUAS stop recently opened only 50 metres away on Westmoreland Street, whilst major transport hubs such as Tara Street Station (500m), Heuston Train Station (3km),Dublin Port (3.6km) and Dublin Airport (14km) are all readily accessible.

LUAS Red Line LUAS Green Line Dublin Bike Station Dublin Bus Taxi Rank Train / DART StationLUAS Cross City Line

DUBLIN CITY

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Custom House GPODART/Train Line

Connolly Station

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St. Stephen’s GreenDáil Éireann

DebenhamsArnotts Jervis Street Shopping Centre

Trinity College Dublin Grafton Street

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OVER 750,000 SQ. FT. OF NEW PRIME OFFICE DEVELOPMENTS ARE BEING DELIVERED WITHIN 1.0 KM, WHICH WILL SIGNIFICANTLY BOOST DEMAND

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SUPERB REFURBISHED SPACE, CREATING A UNIQUE BOUTIQUE HOTEL OFFERING

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The Temple Bar Inn benefits from a high quality mix of hotel accommodation, offering guests a choice of 101 modern and high-spec guestrooms, ranging from compact double rooms to large quadruple rooms, readily adaptable for individuals, corporates, couples and groups alike.

The hotel also incorporates a spacious and attractive reception area with coffee dock and rear outdoor terrace, alongside a modern and edgy double height breakfast area, capable of future expansion to include all day drinks and dining.

The ground floor of the property is currently occupied by a Tesco Ireland Limited, under the terms of a long term occupational lease, with rental increases linked to the Consumer Price Index.

STYLISH BOUTIQUE ACCOMMODATION FOR THE MODERN TRAVELLER

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DEVELOPMENT OPPORTUNITIES

A FULLY CONSENTED EXTENSION, WHICH WILL EXPAND THE HOTELS GUESTROOM INVENTORY AND INCREASE AVERAGE ROOM SIZE.

The Temple Bar Inn offers excitingdevelopment potential, with full planning permission for an additional 56 net guestrooms, located within a new tower block situated to the rear of the hotel.

The delivery of this exciting and profitable interconnected extension will expand the hotel’s guestroom inventory and significantly increase average room size, creating one of the largest hotels in the Temple Bar area.

The proposed development comprises a new seven story over basement structure, which will also include an attractive central courtyard. Planning permission isin place for this development to be further extended by 29 net additional rooms, on expiration or break of the Tesco lease.

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THE NEW TOWER BLOCK HAS BEEN DESIGNED TO THE HIGHEST STANDARDS, OFFERING SIGNIFICANT INCREMENTAL GAIN TO HOTEL CASHFLOW AND PROFITABILITY.

THE PROPOSED EXTENSION WILL

CREATE ONE OF THE LARGEST

HOTELS IN THE TEMPLE BAR AREA.

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PROPOSED TYPICAL EXTENSION FLOOR PLAN

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AN EXCITING OPPORTUNITY

POTENTIAL TO OPERATE ONE OF DUBLIN’S NEWEST LIFESTYLE HOTELS, EXPAND THE F&B OFFERING AND EXTEND THE GUESTROOM STOCK, ALL AT A TIME OF UNPRECEDENTED GROWTH IN THE DUBLIN HOTEL MARKET

The Temple Bar Inn offers an exceptional opportunity to own and operate a modern

and thriving city centre hotel in the centre of Temple Bar

Across Europe’s major cities, Dublin City is now ranked amongst the top

performers in Europe

A highly profitable and modern boutique hotel operation, having only

opened in July 2014

Dublin City RevPAR increased by +8%

in 2018

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20TWENTY - The number of new hotelsDublin City actually needs now to just

cater for current demand, let alone future demand

There is significant scope to extend the existing hotel and

permission has been granted for an 56 net guestroom extension

Over 750,000 sq. ft. of new prime office developments are being

delivered within 1.0 km, which will significantly boost demand

An opportunity to expand the Food & Beverage offering, with a publican license recently granted, on a street that is renowned for

highly popular restaurants and bars

Brochure design by

DISCLAIMER: These particulars were prepared in 2019. Jones Lang LaSalle (JLL), for themselves and for the vendors of the property, whose agents they are, give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers and constitute neither the whole nor any part of an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but should satisfy themselves by searches, enquiries, surveys and inspections or otherwise as to the correctness of each of them; (iii) no person in the employment of Jones Lang LaSalle has authority to make or give any representation or warranty whatever in relation to the property.

PSP LICENCE NO: 002273

DANIEL O’CONNOR Executive Vice President, Hotels

T: +353 1 673 1609E: [email protected]

JACK FOXHotel Agent


WILL DUFFEYManaging Director, Hotels


JOHN MORANCEO


CONTACT DETAILS:

A SUPERB LIFESTYLE HOTEL OFFERING, IN THE BEATING HEART OF

TEMPLE BAR

Documents

For Sale by Private Treaty 40-47 Fleet Street | Dublin 2s3-eu-west-1.amazonaws.com/mediamaster-s3eu/e/a/ea...location on Fleet Street in Temple Bar, close to Temple Bar Square, Trinity