Dublin,
15
October
2015
|
11:20
Europe/Dublin

Twelfth Lock Hotel in Castleknock For Sale

Dublin, October 2015 – CBRE have confirmed their instructions to offer the Twelfth Lock Hotel, Castleknock, Dublin 15 to the market for sale by private treaty.

The Twelfth Lock Hotel occupies a unique and picturesque trading location overlooking the Royal Canal at Castleknock Marina. The property is located on the Old Navan Road just off the main Dublin/Navan N3 Road and close to its intersection with the M50. The property is situated in a densely populated residential area and is just a few minutes walk to the villages of Castleknock and Blanchardstown and is within close proximity to the famous Phoenix Park. In addition, the property is convenient to Blanchardstown Shopping Centre and to the many business parks and industrial estates located in and around the Blanchardstown area. The hotel also enjoys convenient access to both Dublin City Centre, which is approximately 10kms away and to Dublin Airport via the M50.

The Twelfth Lock Hotel is a modern, purpose built 10 bedroom boutique hotel which occupies a site of 0.188 ha (0.46 acres). The site is bordered by the Royal Canal on one side and the main railway line on the southern boundary.

The property extends to c. 649 sq m and the accommodation comprises ground floor reception, lounge bar, restaurant and catering kitchen together with an extensive patio and beer garden overlooking the canal. At lower ground floor level there are ten ensuite guest bedrooms together with ample storage facilities while at mezzanine level there is an office and additional storage facilities. Outside there is a large car park with parking for 44 cars.

Offers in excess of €1.8m are being sought for the property.

John Ryan, Director CBRE Hotels
The sale of the Twelfth Lock Hotel (which comes with vacant possession) offers an excellent opportunity to acquire a well-appointed boutique hotel with extensive lounge bar and catering facilities. At present, the hotel enjoys a satisfactory level of food and drink turnover utilising its extensive indoor and outdoor facilities. The sale offers a superb opportunity for a new owner / management team to take the business to the next level and exploit its unique setting.
John Ryan, 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.