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49/50 Ranelagh Road, Dublin 6

It is expected that the sale of No’s. 49 & 50 Ranelagh Road (Dublin 6), will be of keen interest to investors and developers alike given the extreme supply side shortage of residential accommodation within the city. Importantly, it is understood that the property also benefits from planning permission for a guesthouse.

Agents QRE have been instructed to seek offers in excess of €3,750,000 for the property which extends to a total gross floor area of approximately 920 sq. m.  (9,900 sq. ft.) and occupies a site area of approximately 0.095 hectares (0.235 acres). Interestingly, the property is not a protected structure, which provides the opportunity for future refurbishment and or redevelopment subject to obtaining the necessary planning consents.

To the rear of the property there is a substantial double storey extension to the original building, containing 16 vacant ensuite guest rooms / studios, all with their own WC and Shower facilities. There are also several ancillary rooms, which, again subject to the necessary consents and regulations could possibly be converted into additional guest or studio rooms. Rear access to the property is via Orchard Lane, whilst the property benefits from a substantial rear yard with surface car parking for up to 10 vehicles.

An established Physiotherapy Clinic practices from the Hall and First Floor of the front section of the property and has recently agreed terms, albeit subject to signing for a new long-term lease. This tenant is unaffected by the sale of the property.

Bryan Garry and Harry Byrne of QRE Real Estate Advisers expect that the sale of the property is likely to attract a wide range of interest given the ability of an incoming owner to add urgently needed residential units to the rental market at a time of heightened demand.

written by QRE

December 2022