Description
Accommodation
Features
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Beds | |
Price | POA |
Property Type | Development Land |
Size | 4100 meters2 |
Energy Rating | BER- |
Refreshed on | Apr 1, 2025 |
Eircode | D06T86 |
Group Name | Lisney Commercial Dublin |
Sales License Number | 001848 |
Description
For Sale By Public Tender Tenders To Be Received No Later Than 12 Noon On Thursday 22nd May 2025 The property comprises an almost regular shaped and level site of approx. 0.41 ha (1.01 acres) and includes the protected structure of the former Tramyard Depot for Dublin City which was closed in 1948. The existing building is currently used for office accommodation and extends to approx. 2,316 sq. m. (24,930 sq. ft.) over two floors. There is an additional stone building to the rear of the site and a separate porta cabin single storey store. The main access point is directly from Dartry Road which is immediately at the traffic lights with Orwell Road. There is also separate access to the rear of the site via a laneway on the southern side of the property. ZONING The property is situated in an area that is zoned Z2 "Residential Neighbourhoods (Conservation Areas)" under the 2022 - 2028 Dublin City Council Development Plan. The objective Z2 is "to protect and/or improve the amenities of residential conservation areas". Part of the buildings are listed on the Dublin City Council list of protected structures (No.2242). Described as "(a) the tram shed, (b) the lodge, (c) the stone building in the southeastern corner of the site, and (d) all boundary walls to the site; excluding (a) the interior of the tram shed, (b) the 1970s lean-to extension along the eastern side of the tram shed, (c) the corrugated-iron boiler house at the southern end of the east elevation of the tram shed, and (d) the flat-roofed prefabricated building situated along the southern boundary of the site, to the east of the tram shed". FEASIBILITY STUDY A Feasibility Study has been prepared on the site by John Fleming Architects (April 2023) and they state that "normally Protected Structures do not easily facilitate extensive alterations...........there are a number of additions and internal alterations that do not form part of the Protected Structures" and this allows a more potential for a more adventurous design. They have considered three schemes. � Residential Scheme for 30 units � Residential Scheme for 26 units and � A Student Accommodation Scheme for 178 beds � Scheme 1 most likely has the best potential (subject to planning permission) given the price point and demand for accommodation in the area and in particular the lack of new A BER rated stock. TENANCY The property is held under a lease dated 29th October 2014as amended by deed of variation dated 9th January 2025 for a term of 18 months from 1st November 2024 to 1st May 2026 at a rent of 220,000 per annum. There is a mutual break clause from 1st November 2025 to 1st May 2026. TITLE The property is held Freehold and is unregistered TENDER PROCESS The property is for sale by Tender. The tender documents are available upon request from either the offices of the Solicitor or Agents and are to be returned in a sealed envelope marked "Tramway House Tender" and are to be received no later than 12 noon on Thursday 22nd May 2025 at the offices of Arthur Cox, Ten Earlsfort Terrace, Dublin 2 D02T380. The Vendors are not obliged to accept the highest or any tender received.
Accommodation
Features
Unique one-off opportunity to acquire a superb residential development site in the heart of Dublin's South City Centre. Approx. 0.41 ha (1.01 acres) and includes the protected structure of the former Tramyard Depot. Located on eastern side of Dartry Rd opposite junction with Orwell Rd approx. 6km south of Dublin City Centre. Premises currently used for office space extending to approx. 2,316 sq. m. (24,930 sq. ft.) Situated in one of Dublin's most sought-after residential locations Short term income producing 220,000 pa. Zoned Z2 Residential. Title Freehold Feasibility prepared showing potential for 30 units (25 apts and 5 town/h's).
BER Details
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Negotiator
Cathal Daughton
Date created: Apr 1, 2025