31 Little Strand Street, Dublin 1

For Sale

31 Little Strand Street

€

2,200,000

Offers in excess of

Summary

Three-storey warehouse / office building just off Capel Street with expired planning for change of use and two additional floors. Huge development potential.

Location

Little Strand Street runs west from Capel Street towards Arran Street. No. 31 is just 100m from the junction with Capel Street – the newly pedestrianised and well-established retail and leisure thoroughfare connecting the Henry Street / Mary Street area to the quays and linking up with Temple Bar/ south city centre via Parliament Street.
Smithfield which lies immediately to the west of Capel Street is undergoing huge transformation from a traditional market area to a new urban quarter including plans for exciting redevelopment of the former Dublin City Fruit Markets for gourmet food and associated uses.

Capel Street has emerged as an extension of and rival to the Temple Bar area with a host of new food and beverage offerings together with exciting hotel and guesthouse developments.

Capel Street was named in 2022 as the 22nd coolest street in the world in Time Out Magazine. It includes an eclectic mix of traditional retail and pubs complemented by new food and beverage operators. Among the notable neighbours are: Louis Copeland- Gentlemen’s Tailor and Outfitter; Panti Bar; Brother Hubbard; Bar 1661 and many others. Transport options include the adjacent LUAS (Red Line), LUAS (Green Line) on O’Connell Street, rail at Heuston and Connolly Stations and the many Dublin Bus Routes on the quays.

Situation

No. 31 adjoins the former City of Dublin Working Men’s Club site on which permission has been granted for a 5 to 9 storey mixed use development including a 142-bedroom hotel Bord Pleanála Case reference: PL29N.309215 Dublin City Council Ref. 3609/20
Other occupiers nearby include the Capel Buildings, Four Courts, Panti Bar, Louis Copeland, Musashi Noodle Bar and McNeill’s pub.

Description

No. 31 Little Strand Street is a three-storey warehouse / office building just off Capel Street with expired planning for change of use and two additional floors.

In summary, under the expired permission, the accommodation would comprise a café unit on the ground floor with four large two-bedroom apartments and a roof terrace overhead. It was proposed that a lift would be built in the existing rear yard serving all floors.

The building is concrete-built and suited to addition of upper floors or, if preferred, can be demolished and replaced.

There is a shared vehicular laneway with an electric security gate to the east of the property and a small, enclosed yard to the rear.

It is noteworthy that the adjoining former Working Men’s Club site now has planning for a mixed-use development rising from five to nine storeys.

Accommodation

The existing accommodation and approximate floor areas comprise:

Ground Floor:
Entrance lobby with toilets off.
Open-plan warehouse	64.7 sq.m.
First Floor
Lobby with toilets off.
Office	45 sq.m.
Office	19 sq.m.
Second Floor
Lobby with toilets off.
Office	25 sq.m.
Office	21.9 sq.m.
Office	16.3 sq.m.
Total net internal area	c.191.9 sq.m. / 2,065 sq.ft.
The proposed accommodation under the expired planning permission would comprise as follows:
Ground Floor:
Café Unit	c.51.2 sq.m. with new lobby and toilets built in the rear yard and bin stores also located in the rear yard.
First Floor:
Two-bedroom apartment	c.83 sq.m. with private terrace.
Second Floor:
Two-bedroom apartment	c.83 sq.m. with private terrace.
Third Floor:
Two-bedroom apartment	c. 83 sq.m. with private terrace
Fourth Floor:
Two-bedroom apartment	c. 83 sq.m. with private terrace.
Roof Terrace	c. 50.4 sq.m.

Planning Permission

Planning Permission was granted in January 2017 (3614/16 ) for change of use, provision of two additional floors alterations and extension to rear of existing three storey office building; the works consist of change of use of the ground floor from office to commercial / café bar fronting Little Strand Street; change of use of first and second floor from office to residential; construction of two new floors at third and fourth floor level with five storey extension to rear, all to provide 4 no. two bedroom apartments at 1st to 4th floor levels with access from side gable in a five storey building with balconies to rear, roof garden at sixth floor level, new lift at rear, alterations to elevations on all facades and ancillary site works including new access gate to side.

There is a strong precedent for higher buildings- No. 31 adjoins the former City of Dublin Working Men’s Club site on which permission has been granted for a 5 to 9 storey mixed use development including a 142-bedroom hotel Bord Pleanála Case reference: PL29N.309215 Dublin City Council Ref. 3609/20

Commercial Rates

Total Rateable valuation of €20,120 equating to a 2023 rates bill of €5,493

Proposal

For sale by Private Treaty guiding excess €2.2m.

Title

Freehold

Folio No. DN206445F

Contact Lead Agent

Simon Stokes

+353 1 2334600

simon@stokesproperty.ie

Nick Boyle

087 4674733

nick@stokesproperty.ie

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Our unique and modern approach, available to all members of our network, delivers significant and proven advantages over the traditional methods.