40-47 Fleet Street Temple Bar, Dublin, D02 NX25, IE

Temple Bar Inn Sale

Asset description

JLL has been appointed as exclusive selling agents for the boutique, high quality and rare, Temple Bar Inn.

This prime property, which is situated in the heart of Dublin’s thriving Temple Bar area, also includes a large ground floor Tesco retail unit (tenant unaffected), in addition to 7 Westmoreland Street, a high profile building which includes the recently opened and highly popular Hellfire Restaurant.

Offered for sale with primarily freehold title and the benefit of full vacant possession, this modern 101 guestroom three-star hotel boasts the best trading location in Temple Bar, fronting onto its main thoroughfare of Fleet Street in Dublin 2.

Combining a profitable trading business with a prime retail unit at ground floor level, the Temple Bar Inn offers prospective purchasers a rare foothold in the Dublin hotel market.

The hotel also offers exciting upside and expansion potential,including an option to buy on 7 Westmoreland Street and two planning permissionss for a total 121 net guestroom extension.

Once realised, these exciting planning permissions would deliver a 222-guestroom four-star hotel, comprising the largest hotel in Dublin's coveted Temple Bar district.

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Attributes

Keys

101

Floors

Year built

2014

Planning permission

Consented

Buildings

Investment strategy

Value Add

Media

Investment highlights

Occupying a prime city centre location on Fleet Street in Temple Bar, close to Temple Bar Square, Trinity College, and all of Dublin’s major tourist attractions.

An extensively refurbished 101 key hotel and ground floor retail unit, Temple Bar Inn has recently been expanded to include a basement bar and the highly popular Hellfire Restaurant at 7 Westmoreland Street.

Available with the benefit of majority freehold title and vacant possession of the hotel and restaurant elements, accompanied by high quality rental income from Tesco Ireland Limited.

A profitable hotel business with exciting scope for further enhancement including an expansion of the existing F&B offering to include capturing some of the lucrative Temple Bar lunch, dinner, and all-day bar trade.

The property also boasts huge development potential, with planning granted for an additional 121 net guestrooms, with 111 guestrooms on Fleet Street and a further 10 suites above 7 Westmoreland Street.

The Dublin City Centre hotel market is one of the most sought-after hotel investment locations in Europe, with almost €1BN of Irish hotels transacting in 2024.