STAUNTON`S
Transcription
STAUNTON`S
F O R S A L E B Y P R I VAT E T R E AT Y STAUNTON’S ON THE GREEN 82 to 84 St Stephen’s Green A RARE AND HIGHLY COVETED ST STEPHEN’S GREEN TRADING POSITION, IN THE HEART OF DUBLIN 2 On behalf of the Vendor, JLL has been appointed as exclusive selling agents for the landmark four star Staunton’s on The Green, located on the southern side of St Stephen’s Green. Offered for sale with freehold title and the benefit of full vacant possession, this 51 guestroom townhouse property boasts a prestigious address, established trading history, attractive period accommodation and considerable and exciting upside potential. 1 STAUNTON’S on the Green 2 1 INVESTMENT HIGHLIGHTS > Occupying a prime city centre location overlooking St. Stephen’s Green to the front and with direct access to the Iveagh Gardens to the rear; > Historic four star Georgian townhouse property offering numerous spacious guestrooms, with accommodation provided across the period buildings to the front and a modern extension to the rear; > Available with the benefit of freehold title and full vacant possession; > A profitable trading business with exciting scope for repositioning via refurbishment, the reconfiguration of existing and / or addition of new guestrooms and improvements to the Food & Beverage offering; > The Dublin City Centre hotel market is one of the fastest growing markets in Europe, posting an St Stephens Green impressive YTD RevPAR growth to May 2015 of +21.9%; > The property, which extends to approximately 2,080 sq. m (22,389 sq. ft) and occupies a site area of approx. 0.14 hectares (0.35 acres), also offers alternative use development potential, including high value office and residential uses. Original Georgian elegance and style, nestled between the Iveagh Gardens and St Stephen’s Green. 3 STAUNTON’S on the Green 2 A DISTINGUISHED HISTORY Numbers 82 to 84 St Stephen’s Green, which were first constructed as a Georgian terrace in 1750 and today form Staunton’s, are steeped in a rich and interesting history. Staunton’s was once home to the important Irish politician Henry Grattan and the celebrated poet Gerard Manley Hopkins. Number 84 was once the home of the famous Irish politician Henry Grattan, whilst former owners of the properties have also included the Catholic Church, the National University of Ireland and the Dunloe Property Group. In the current owners’ hands since 1989, Staunton’s has been tastefully refurbished and expanded over the years to include an attractive modern rear extension. 4 J E RV 3 IS S T R EE T AN UNRIVALLED LOCATION CAPE L STR Four Courts EE T Staunton’s On The Green is ideally situated on the southern side of St. Stephen’s Green, which is one of IA PAR L Dublin’s most popular tourist attractions and M ENT the city’s most established luxury hotel location. ST Well connected to every possible Dublin City amenity and with a LUAS stop located only 250 metres away, major transport links such as Pearse Street Train Station (1.5km), Heuston Train Station (4km), Dublin Port (5km) and Dublin Airport (13km) are all within easy reach. Whilst just minutes’ walk from Grafton Street, Trinity College, The Staunton’s boasts tranquil surroundings overlooking St Stephens Green and with private access to the Iveagh Gardens. St Stephens Green is also home to a host of major occupiers such as the Department of Justice, KPMG and Emirates, along with popular bars, PATR ICK STREET National Concert Hall and Dublin’s other prime leisure attractions, cafes, restaurants and private members clubs. KEV IN S TR E ET An unrivalled hotel location, with private access to the Iveagh Gardens 5 SO UTH CIRCU LA R ROAD GA L EL N ET R E PA TR S RD Connolly INE Busaras RS TL M AYO R ST ONN R ELL BUSARAS ST EE T ET C LI N FEN IA N STR ER LOW EE T E ST ER N ER ES R HO LL ES ST UP ET RE ST MO UN TR EE TL OW M LA ER UN TS TR EE TU PP EE TL R ER LIA W H ER B ER T PL RE PE ST ET O U RT MB ER ON RO LO ES HARC KE ET LE ST RE RE ST FI ET T O TZ G W IL LO W G BA ER M ON THE GREEN I V E AG H GARDENS MO NE R IA TR ST STAUNTON’S I LL ET OT S W TS RE BA GG TZ UP ME ST STEPHEN’S GREEN CUFFE STREET FI PE RR IO N Stephen’s Green AT TA N DA R KIL MERRION S Q UA R E GR H ST E ST O RT DAW SO E SW N PL AC PE N STR MOL OL ET EE T Dawson U PP TR E TR E EE T STR TO N AF US UPPER GR S SA SA NDWITH ST NA E AST E ST LO M ER BA R W LO DS ET Pearse Street T LIM E S T R EE T TO N S T R C R EIG H T ET TR E RE GEORGE S STREET HANO VER ST ST TRINIT Y COLLEG E UAY ITH EE T DA ME STREET EXCH EQ UER STR EE C IT Y Q W STR E AS RS E ND PE A Trinity US E Q UAY LIFFEY AY ET Tara Street ES QU SA TEMPLE BAR G EO R G TOWNESEND STREET ET ET E T STR E RE WES TM OR EL ST FLE ER Westmoreland LI A QU RIVER UAY O AY ON ST GES Q M OSS STRE G EO R CU STO M HO TAR A STR EET K Q UAY D’ CH BA ELO L WA RS AN D ST Jervis Street ED EN Mayor Square IFSC Abbey Street O’Connell GPO LOWER ER N O’C Marlborough FI TZ W IL LIA M PL AC E ST W ON I LT T R ER E AC G RA N ME D S PIL C A N A L AD RO 6 C A E LOCATION Continued IN THE BEATING HEART OF DUBLIN 2 The National Concert Hall IVEAGH GARDENS NATIONAL CONCERT HALL CONRAD HOTEL LEESON STREET 7 STAUNTON’S ON THE GREEN St Stephens Green Luas Stop Dublin Bikes on St Stephens Green ROYAL COLLEGE OF SURGEONS FITZWILLIAM HOTEL GRAFTON STREET ST STEPHENS GREEN SHELBOURNE HOTEL BAGGOT STREET 8 4 HISTORIC GEORGIAN TOWNHOUSE Staunton’s On The Green benefits from a quality mix of guestroom accommodation, offering guests a choice of traditional Georgian surroundings and ornate features to the front (32 rooms) or alternatively modern mews accommodation to the rear (19 rooms). 9 Ground floor accommodation includes an attractive reception area and two well-appointed lounges, whilst there is a large and desirable garden to the rear of the property, facilitating direct access into the Iveagh Gardens. The property also benefits from a popular breakfast room (46 covers) located at lower ground floor level, which includes separate independent access (via steps) onto St Stephens Green – a unique feature which not many competitors can boast. STAUNTON’S on the Green 10 11 STAUNTON’S on the Green 12 5 AN EXCITING OPPORTUNITY STAUNTON’S PRESENTS AN EXCEPTIONAL OPPORTUNITY to own and operate an established city centre property in a prime location on St. Stephen’s Green There is significant potential to reposition the existing property to better cater for the GROWING DEMAND for upscale boutique/lifestyle hotel accommodation in Dublin City centre Across Europe’s major cities, DUBLIN CITY IS NOW RANKED AN IMPRESSIVE 4TH IN OCCUPANCY TERMS AND 13TH IN ADR TERMS* DUBLIN CITY IS ON TRACK TO SUBSTANTIALLY OUTPERFORM Dublin City RevPAR is forecast to increase by +8.8% and +8.0% in 2015 and 2016*. ZERO HOTELS EXPECTED TO OPEN IN DUBLIN CITY IN 2015 Extending to over 20,000 and on a site of SQ. FT 0.3 ACRES, there may be potential for alternative uses amidst the HIGH DEMAND FOR OFFICE AND RESIDENTIAL ACCOMMODATION in core Dublin 2 locations *PWC European Cities Forecast 2015 13 May YTD RevPAR growth in the city centre is standing at 21.9% MAJOR COMMERCIAL DEVELOPMENTS OCCURRING IN THE LOCALITY An opportunity to for the RECONFIGURATION OF EXISTING AND/OR ADDITION OF NEW GUESTROOMS (at roof and garden level, subject to planning permission) and improvements to the Food & Beverage offering STAUNTON’S on the Green Potential to deliver a refurbished and repositioned boutique hotel offering, at a time of unprecedented performance growth in the Dublin hotel market. 14 The view of St Stephens Green Where nothing is overlooked but the Green CONTACT Note that as the property is a Protected Structure it is BER Exempt JLL DANIEL O’CONNOR MARGARET FLEMING JAMES WOOD Styne House, Senior Vice President, Hotels International Director, Investment Analyst, Hotels Upper Hatch St, Dublin 2 T +353 1 673 1609 T +353 673 1600 T +353 1 673 1681 PSP 002273 E daniel.oconnor@eu.jll.com E margaret.fleming@eu.jll.com E james.wood@eu.jll.com DISCLAIMER These particulars were prepared in 2015. 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.