Francis Street Redevelopment Opportunity
Dublin, 25 October 2016 – CBRE have been instructed to offer a redevelopment opportunity on Francis Street, Dublin 8, measuring approximately 0.02 hectares (0.05 acres), to the open market by way of Private Treaty. The property, which previously traded as the Barley Mow pub, sits on the corner of Francis Street and Mark’s Alley West. Now derelict in nature the property represents an opportunity to redevelop the asset to accommodate either commercial or residential uses (SPP).
The property, zoned Z4 – "To provide for and improve mixed services facilities" under the Dublin City Development Plan 2011 – 2017 is also located within the key development area of the Digital Hub/The Liberties. Interested parties may look to accommodate a retail element on the ground floor while residential/ancillary uses may be provided overhead. Alternatively, interested parties may look to restore the property to its original use and provide a gastro pub.
CBRE are quoting a guide price of €225,000 for the entire property.
We envisage this asset with appeal to a variety of parties including residential investor and commercial operators, due to its proximity to Dublin city centre, the Iveagh Market and the rejuvenated Liberties area.
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.