Property Description

Colliers is pleased to announce the launch to market of the former Paddy’s Palace hostel, a substantial city centre hospitality asset located at 5 Beresford Place and 55 Lower Gardiner Street, Dublin 1, offered for sale by private treaty.

Occupying a high-profile corner position in Dublin’s north inner city, the property represents a rare opportunity to acquire a large-scale, hospitality asset in one of the capital’s most accessible and vibrant locations.

Extending to approximately 856 sq. m. (9,214 sq. ft.), the property comprises two interconnected period buildings laid out over basement and four upper floors. The former hostel provides 22 guest rooms with a total capacity of 108 bed spaces.

While three rooms are en-suite, the remaining accommodation is supported by shared bathroom facilities. Additional amenities include a reception area, commercial kitchen, and staff accommodation, offering a fully serviced operational layout suited to hospitality use. The property presents an immediate opportunity for repositioning or redevelopment, subject to planning permission.

Strategically located adjacent to Connolly Station, Busáras and LUAS services, the property benefits from exceptional connectivity locally and nationally. Dublin Airport is approximately 20 minutes’ drive, while the city’s principal tourism and commercial destinations, including Trinity College, O’Connell Street, Temple Bar, Croke Park and the IFSC are all within short walking distance.

Situated within a well-established tourist and hospitality area, the location is ideally suited to a wide variety of uses, including hostel, hotel, co-living, student accommodation or alternative residential schemes (subject to the necessary consents).

The property is a Protected Structure (RPS Nos. 3058, 3059 & 734), retaining its original period character with brick façade, and pitched slate roof. It is offered with vacant possession and held under a combination of freehold and long leasehold title, providing flexibility for owner-occupiers and investors alike.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 29 days ago