Property Description

Overall site area of approx. 223 sq.m. (2,400 sq.ft.)

This is an excellent opportunity to purchase a very high profile mixed use property (6 two bed apartments and 2 retail units with basement storage) that is located on the corner of Ushers Quay and Upper Bridge Street adjacent to Hicken Lighting and the infamous Brazen Head historic gastrobar and traditional Irish music venue.

3 and 4 Ushers Quay are located on south quays of the river Liffey facing onto Father Mathews Bridge  and diagonally opposite the Four Courts, with panoramic views along the Liffey.

The subject property is within a short commute of O'Connell Street and Temple bar and is also within a short walking distance of 2 Dublinbike stations, the Four Courts LUAS Station and a Quality Bus Corridor with several bus stops along the Quays.

The original properties were destroyed in the 1916 Rising and 3 & 4 Ushers Quay was rebuilt and developed in 1920 and extended over time at the rear of the property to include an upper floor return with additional kitchen and bathroom facilities.

The nearby Four Courts LUAS station also provides excellent access to Hueston Train Station, Connolly Train Station, Abbey Street, Grangegorman and the IFSC as well as the cross city connection to the Green line and Cherrywood.

The property is located adjacent to the infamous Brazen Head gastropub and a host of popular cafes, bars and restaurants in Temple Bar and Dublin 8, Thomas Street, Smithfield, Stoneybatter, Capel Street, the Millennium Walkway and along the quays that are trading very well.

Construction is expected to start in the Guinness Quarter on Thomas Street and there are several new hotels that have opened in the immediate area including Stay City Tivoli Hotel, Hampton Hotel, Ruby Hotel and Lockes/Zanzibar premises on Ormond Quay.

There are other plans in the area and works have already started on refurbishing the Smithfield Fruit Markets building and the refurbished Fruit Market is expected to be completed by the end of 2027 to include at least 80 stalls along with a restaurant complex.

In addition to this there are several large existing office blocks in this area including 5 recently refurbished office buildings by Sonbrook along Merchants Quay called Merchant Buildings, Kings Building on Church Street, Capel Building on Mary's Abbey, Jervis House, Millennium House, Chapel House and Chapter House beside the Italian Quarter.

3 & 4 Usherss Quay is only a short walking distance from St. Audoen's Park and Church with a Dublin Bike rack on High Street. The property is approximately 1.5 kilometers from O'Connell Street and only 4 minutes walking distance from the Four Courts LUAS Station.

Some of the adjoining office tenants include the HSE, the Law Courts, Dublin City Council, Stay City, the Brazen Head, National College Of Art and Design, Digital Hub, Guinness Enterprise Centre and Iconic Offices.

The area is well served by many Dublin Bus routes (Quality Bus Corridor) together with the Luas Red and Green lines, Heuston Train Station is within 1 kilometres walking distanc from the subject property. Henry Street is within 1.2 kilometres, Grafton Street is within 1 kilometres and St Stephens Green is within 2 kilometres walking distance of Nos 3-4 Ushers Quay,

Description
3 & 4 Ushers Quay comprises 2 very high profile 4 storey over basement buildings with an impressive 4 bay redbrick facade on the upper floors facing onto the Liffey and traditional style timber shopfronts with metal roller shutters at ground floor level.

The gable end of the building is of normal brickwork construction and has 2 large billboards facing onto Upper Bridge Street with spot lighting overhead generating additional income of 24,996 euro p.a. from Pzazz Media for the high profile billboard rentals facing onto the Quays.

There was originally a pub located on the corner site and a laneway at the rear of the property linking Upper Bridge Street to Augustine Street but this was removed as part of the wide streets commissions works to make the N1 a pivotal road way into Dublin City Centre.

The 2 buildings are interconnected at the entrance and the upper floors to provide a shared entrance hall and approx. 348.45 sq.m. (3,750 sq.ft.) of residential accommodation overhead with a central staircase and 2 two bedroom apartments per floor.

The apartments and retail units have been separately metered for electricity and the 2 self contained retail units have shared access to an enclosed rear yard area with derelict external storerooms/ sheds and rear access doors.

The apartments are in reasonably good condition but in need of modernisation and refurbishment to include new kitchen and bathroom facilities. 2 of the apartments have been occupied recently by family members but the entire building will be sold with full vacant possession allowing developers to refurbish the entire building and reset the rents to open market value.

The 2 retail units have not been in use for nearly 20 years and will require extensive refurbishment works. One of the units was in use as a family run newsagents and convenience store and has internal access to a large basement floor for storage space. The other retail unit was used as a workshop for machinery repairs and it has basement access from the main stairs.

The original signs Over the shop fronts read T.P. Nolan for Unit 3 and Creamery for Unit 4 and these signs have been in place for the last 25 years. A developer may look to attain a grant from Dublin City Council to refurbish the signs as part of a Liberties Signage initiative to bring back older signs and also obtain a Living Over The Shop Grant.

The 2 vacant retail units may suit a variety of retail uses including charity shops or even a small solicitors office given the close proximity to the Four Courts. A conversion to public office use may suit the legal profession or an IT based company that are looking to locate in a popular area within a short walking distance to the Four Courts, the Guinness Enterprise Centre and the Digital Hub.

The immediate Dublin 8 area has seen very strong development along Thomas Street, Fumbally Lane, Newmarket and recent development completions by Marlet at Grand Canal Harbour and the proposed Guinness Distillery development and Digital Hub redevelopment.

The Dublin 8 area and the north quays have benefitted as a result of the HARP tax incentivised regeneration programme along the LUAS line and the later impact of the arrival of the LUAS cross city connection with the Green line.

This area is very popular with legal, design and IT firms and we have seen very strong demand from office tenants, semi-state bodies and state tenants that are looking to move into this immediate area.

Zoning Objective s Land Use
Nos 3-4 Ushers Quay, Upper Bridge Street, Dublin 8, D08 V0F9 is Zoned Objective Z5 City Centre - under the current Dublin City Council - Dublin City Development Plan 2022 2028.

This Zoning Objective Z5 City Centre - provides for the following:

To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design, character and dignity.

Protected Period Structures
The subject property Nos 3-4 Ushers Quay, Upper Bridge Street, Dublin 8, D08 V0F9 is a listed protected structure, Reference Number 8199 - No.3 Ushers Quay and Reference Number 8200 - No.4 Ushers Quay - Source: Dublin City Council Record of Protected Structures (RPS).

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Description

Corner-sited four-bay four-storey apartment building and shops over basement, built c.1920, having shopfronts to front (north) elevation. Flat roof with rendered chimneystack having clay chimney pot, and cast-iron rainwater goods. Rendered parapet with moulded red brick cornice. Red brick laid in English garden wall bond to front, with channelled render quoins and render platbands over windows. Yellow brick laid in English garden wall bond to east and rear (south) elevations. Square-headed window openings with six-over-six pane timber sash windows and concrete sills to front elevation.

Segmental-headed window openings with brick voussoirs and two-over-two pane timber sash windows to openings to rear. Shopfronts comprising timber consoles, fascia and cornices over square-headed openings, having recessed door to No.3 with steel grille gate to front of doorway. Steel roller shutters to openings to No.4. Square-headed door opening to centre of front elevation, having glazed overlight and timber panelled door with granite step. Steel grille set within granite paving to pavement to front of door.

Appraisal
The four houses numbered 1-4 Usher's Quay were destroyed during the 1916 Rising, and no.3 and 4 were reconstructed to designs by Millar & Symes. The architects used a typology that gained popularity in the early twentieth century in Dublin, that of the purpose-built apartment block with a communal entrance, with shops at the ground floor level. The use of bright red brick and cement render, and the uniform rather than diminishing windows indicate the twentieth century origins of the building.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: yesterday morning