Refurbishment / Re-development opportunity 40, 41 ... - MyHome.ie

Just 250 metres from O’Connell Street
Location
No’s 40, 41 & 42 Hill Street are located just 70 metres north of the junction of Hill
Street and Parnell Street. It is also accessed from North Great Georges Street, in an
area that has seen considerable development in recent years. Mountjoy Square is
approximately 150 metres to the northeast, while O’Connell Street is c. 250 metres
to the southwest of the property. This is a central downtown location, just minutes
walk from the main shopping area of Henry Street, the Jervis Centre and an array
of nearby shops and businesses.
Description
The property comprises No’s 40, 41 & 42 Hill Street, which occupy a site that
extends to approximately 0.1275 hectares (0.315 acres). The property incorporates
large multi-storey warehouse buildings, which extend to a total of approximately
2,240 sq. m. (24,111 sq. ft.). These buildings are interlinked having previously been
in single occupation. They range from 2-3 storeys in height and the property has a
rear yard that is accessed directly from North Great Georges Street.
No’s 41 & 42 incorporate concrete roofs and floors, good floor to ceiling heights and
plenty of natural light. No. 40 incorporates timber floors and a pitched roof, and is in
need of renovation. There is also a detached 2 storey warehouse building to the rear
of No. 40.
Planning
Under the Dublin City Development Plan 2011 – 2017, the property is zoned Z1, i.e.
‘to protect, provide and improve residential amenities’. We understand that the
property has long established commercial use.
The subject property was granted planning permission in November 2007 for the
construction of 28 apartments (12 no. one bedroom apartments & 16 no. two
bedroom apartments) and a 242 sq. m. ground floor retail unit arranged in 3 no.
residential buildings above basement car parking. This planning consent is due to
expire in November 2012.