Dublin,
24
March
2016
|
16:30
Europe/Dublin

Clontarf Hotel Investment Opportunity

Prominently located on Clontarf Road overlooking Dublin Bay and convenient to Dublin city centre

Dublin – 21 March 2016 – CBRE have confirmed their instructions to offer for sale a unique hotel investment property located in Clontarf, Dublin 3. The property trades as The Bram Stoker Hotel, 225 Clontarf Road, Dublin 3 and is being sold on the instructions of David Van Dessel, Deloitte. Offers in excess of €950,000 are invited for the property.

The Bram Stoker Hotel (formerly Clontarf Court Hotel) is located on the Clontarf Road, a principal thoroughfare linking the affluent north Dublin suburbs of Clontarf, Raheny, Sutton and Howth to the city centre. The property enjoys panoramic views of Dublin Bay and the scenic Bull Island, home to the famous Royal Dublin Golf Club and St Anne’s Golf Club. The property is also convenient to St Anne’s Park and a host of leisure and other amenities. The property is situated in the densely populated and much sought after residential suburb of Clontarf and is immediately adjacent to Clontarf Yacht Club and Clontarf bus depot.

The property enjoys convenient access to Dublin city centre which is only 5 kms from the hotel while Dublin International Airport is approximately 10 kms away. The property is well served by public transport and has easy access to both the M50 motorway network and to the Port Tunnel.

The Bram Stoker Hotel (investment property) is a period mainly three storey 25 bedroom hotel with extensive bar and restaurant facilities. The accommodation comprises a ground floor lounge bar with overhead a separate fully fitted and equipped restaurant and catering kitchen. To the rear of the property there is a three storey extension/accommodation block with parking for 12 cars at ground level. In total there are 25 en suite bedrooms with a lift serving all floors.

The property occupies a site of 0.11 ha (0.27 acres) and is zoned residential (Z1) under the Dublin City Development Plan 2011-2017.

The hotel is currently let on a short lease (4 year 9 month) from 1st June 2012 and expires in March 2017 at a rent of €90,000 per annum. Please note the tenant is not affected by the sale.

John Hughes, Director, CBRE Hotels
The sale of The Bram Stoker Hotel offers a unique opportunity to acquire a prominently located hotel property with substantial current annual rental income.” The agents are inviting offers in excess of €950,000 for the property.
John Hughes, Director, CBRE Hotels

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.