33 College Green has potential for development of 147-bedroom hotel, according to feasibility study
With 34 properties from its former branch network now on the market, Ulster Bank has instructed agent Cushman & Wakefield to find a buyer for its landmark premises at number 33 College Green in Dublin city centre. The property, which occupies a prominent position across the street from both Trinity College Dublin and Bank of Ireland’s high-profile branch within the former Irish Houses of Parliament, is being offered for sale at a guide price of €13.5 million.
The property comprises a six-storey over-basement office building, the majority of which was built in 1975. A part of the property’s facade fronting on to College Green is listed under Dublin City Council’s Record of Protected Structures and is described as “The Ulster Bank facade, including front-domed roof and flanking chimneys”. Internally, 33 College Green comprises typical 1970s office features throughout and includes a glazed atrium within the core of the building.
Number 33 College Green is zoned Z5: City Centre under the terms of the Dublin City Development Plan 2022-2028. The objective of this zoning is “to consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity”. There are a number of uses permitted in principle under this zoning, and these include the development of offices, hotels, residential and retail.
Commenting on the sale, Karl Stewart of Cushman & Wakefield says: “This is a rare opportunity to acquire a substantial landmark building in the heart of Dublin city centre with huge future potential. We expect this property to attract interest from a wide cross section of purchasers.”
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tom Brady predicts College Football champions in first Fox Sports appearanceCollege season is back up and running and Michigan Wolverines' greatest alumni member Tom Brady has named his team to clinch the Big Ten title in December
Read more »
Economists grow gloomier on 2024 as central banks delay rate cutsCombination of stronger US economy in 2023 and stickier inflation trigger downgrades for next year
Read more »
Credit unions to be allowed give mortgages that rival the banksCredit unions to be allowed give mortgages that rival the banks. Under new legislation, the community lenders will be given significantly greater capacity ...
Read more »
Credit unions to rival banks for mortgages: 'The opportunity is enormous''The credit union movement has retained a physical presence in every town in Ireland - credit unions are staying'
Read more »
File on alleged financial irregularities at Garda College sent to DPPGsoc carried out criminal investigation into financial allegations about Garda College, Templemore, over six-year period
Read more »
One in five college students experienced bullying in past year, survey findsSimon Harris describes findings as ‘alarming wake-up call’ for education authorities
Read more »