39-43 Merrion Square, South City Centre, D02 NP96, Dublin 2

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€15,000,000

Investment Property For Sale
30,054 sq. feet (2,792 sq. metres)

Rating:

Contact Name: Christopher Belton

Selling Agent: Lisney

PSR Licence Number: 001848

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Property Description

FEATURES

- Approx 2,792 sq.m (30,050 sq.ft) NIA
- Approx 4,322 sq.m (46,520 sq.ft) GIA
- 12 car parking spaces
- Combined site area of 0.255 ha (0.63 acres)
- Approx 0.072 ha (0.18 acres) zoned Z1 Residential
- Extensively refurbished in 2016
- Change of use and further development potential (s.p.p)

DESCRIPTION

No's 39-43 Merrion Square comprise five three bay, four storey over basement mid-terrace buildings with returns of between three and four storeys in height.

The accommodation underwent an extensive refurbishment in 2016 and presents in excellent condition, including some very ornate period features that have been retained and restored throughout. In particular, No. 40 Merrion Square contains one of the most ornate and luxurious Georgian interiors in Dublin with its first floor reception rooms greatly embellished in the French manner, with ornate plasterworks, mirrors, and chimney pieces.

All the buildings interconnect at first floor level. Additionally, No's 39-41 are interconnected across all the upper floors, No's 39-40 interconnect at basement level and No's 42-43 are interconnected at the 2nd and 3rd floors.

An elevator located in No. 41 Merrion Square services all levels of the building, adding to attractiveness for any future occupier(s) of the buildings.

Separately, a two-storey mews building situated to the rear of No. 42 Merrion Square is also included in the sale and is currently used as ancillary offices and stores.

No's 39-43 Merrion Square are listed as protected structures in the 2016-2022 Dublin City Council Development Plan.

LOCATION

No's 39-43 Merrion Square, Dublin 2 occupy a prime position on the east side of Merrion Square, opposite the park's central entrance, and adjoining the offices of the Society of Chartered Surveyors Ireland and the Irish Architectural Archive.

Merrion Square is a highly sought after location in Dublin's central business district, within easy walking distance of a range of transport links, including Pearse Street DART station, the LUAS Green line stops at Dawson Street & St. Stephen's Green. There are also numerous bus routes in proximity to the property providing convenient access to all locations across the city. The Aircoach, which provides access to Dublin airport, has a stop located on the north side of Merrion Square. Finally, there is a Dublin Bikes station directly opposite the buildings, next to the park's entrance.

The properties are situated near some of Dublin's leading leisure, retail, and corporate office locations and the surrounding areas benefit from a wide variety of restaurants, cafes, bars, and hotels. Notable occupiers nearby include Dail Eireann, Leinster House, the 5* Merrion Hotel, the Natural History Museum, and the National Gallery of Ireland.

ACCOMMODATION

Combined, the five office buidings on Merrion Square and the mews to the rear of No. 42 Merrion Square extend to approximatley 2,792 sq.m (30,050 sqft) on a net internal basis or 4,322 sq.m (46,520 sqft) on a gross internal basis including ancillary stores. A total of 12 car parking spaces (including those situated in the licenced car parking area) are currently provided for to the rear of the property, accessed via Stephen's Lane.

A full breakdown of the floor areas and floors plans are available through the selling agents.

HISTORY

Located at the doors of Government Buildings, Merrion Square is one of the most intact Georgian Squares in Dublin, providing some of city's finest period properties and one of its most prestigious addresses.

The square was originally laid out in 1762 and developed in stages. No's 39-41 Merrion Square date from the late 1780's, while No's 42 and 43 Merrion Square date from the early 1800's.
Famous residents throughout the square's history include Daniel O'Connell, Oscar Wilde, and William Butler Yeats.

Some of the subject properties more interesting history include:

No. 39 Merrion Square operated as the British Embassy up until 1972.

No 40 Merrion Square was used as a field hospital during the Easter rebellion in 1916 where Sir Robert Woods, the then owner, catered for the wounded of both sides of the battle. More recently, No. 40 was used in the filming of the movie Michael Collins between 1995 and 1996.

TENANCY

ESB will take a new full repairing and insuring lease on the entire from the date the sale closes until the 30th June 2021, subject to the yearly rent of €1.00.   It is envisaged that ESB's new headquarters building will be completed and ready for occupation in Q2 2021. It is the intention that the tenant will relocate to the new headquarters office building by 31st June 2021.

Further details relating to the proposed tenancy are available through the selling agents.

TENURE

We understand the properties are held freehold. An additional small car parking area is to be licenced to the purchaser for a term of 100 years.

ZONING

The main buildings and some of their returns are zoned Z8 'to protect the existing architectural and civic design character, and to allow only for limited expansion consistent with the conservation objective' under the current Dublin City Council Development Plan 2016-2022. The rear of the properties is zoned Z1 'to protect provide and improve residential amenities' under the current development plan. Permissible uses include amongst others: residential, education, and embassy, whilst uses open for consideration include hotel.

SERVICE

We understand that all mains services are connected and supplied to the buildings.

BER INFORMATION

Exempt

SALE PROCESS

The properties are to be sold by Private Treaty.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 54 days ago


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Selling Agent

Lisney
Lisney St. Stephen’s Green House, Earlsfort Terrace, Dublin 2

Contact Name: Christopher Belton

PSR Licence Number: 001848

Show Number
This Investment Property For Sale located at 39-43 Merrion Square, South City Centre, D02 NP96, Dublin 2 is currently for sale. This property was last updated by Lisney 54 days ago. 39-43 Merrion Square, South City Centre, D02 NP96, Dublin 2 is priced as: €15,000,000 and has 30,054 sq. feet (2,792 sq. metres). View all properties for sale in D02 NP96, Dublin 2. View investment property for sale in D02 NP96, Dublin 2.
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