A five-storey-over-basement building at the junction of Dame Street and Eustace Street in Dublin that can be converted into a hotel is being sold by US fund Grand Coast Capital.
The Irish Independent reports that the property, which has a guide price of €4.5 million, comes with full planning permission for a refurbishment and the addition of a sixth story to transform it into a 39-bedroom hotel.
The property formerly housed Mr Simms Olde Sweet Shoppe, and James Meagher of estate agency Knight Frank said that the site is zoned "Objective Z5 - City Centre" under the Dublin City Development Plan 2016-22, meaning that, subject to planning permission, it is also suitable for alternative uses such as student accommodation and retail, residential and office space.
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© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.