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Dublin: 6 °C Friday 5 June, 2020
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24 suites in this Dublin city hotel are on sale for €8 million

You could also get an office block for €31 million.

A TOTAL OF 62 bedrooms in a Dublin city hotel have been put on sale for €8 million.

The 24 suites in the Clayton Hotel on Cardiff Lane, Dublin 2 are being sold by Savills.

The four-star hotel opened in 2005 with 213 bedrooms and was extended to 304 bedrooms in 2008, making it one of central Dublin’s largest hotels.

It is near Dublin’s docklands, putting it among numerous multinational businesses and across the road from the Bord Gáis Energy Theatre.

The investment opportunity comprises 24 hotel suites containing 62 bedrooms, situated in the original hotel which opened in 2005. These suites are leased to Hanford Commercial Limited, a subsidiary of Dalata and the entire hotel is operated under the Clayton brand.

The current annual rent comes in at €467,200 with rent reviews due in January 2018.

€31 million

_DSC1382v2 Source: Tony Healy

Meanwhile, Shelbourne House, a Ballsbridge office building, has gone on sale for €31 million.

Shelbourne House comprises a mixed-use office and residential investment property. The building is currently home to a number of tenants including An Post, the Office of Public Works (OPW) and the Malaysian Embassy. The total rent is approximately €1.6 million a year.

The property – which extends to around 64,286 sq ft over seven floors – has a weighted average unexpired lease term of around 3.7 years.

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