Charlemont Clinic site for €5 million
Redevelopment opportunity extends to nearly one acre and includes car park
Well-located site: the property includes single, two and three-storey buildings and a surface car park just 1km north of St Stephen’s Green in Dublin
The site of one of Dublin’s leading private healthcare centres, Charlemont Clinic, is to be offered for sale through DTZ Sherry FitzGerald.
Shane O’Flynn of the selling agents is guiding €5 million for the site which extends to 0.38 hectares (0.95 acres) and includes a series of single, two and three-storey buildings and a car park. The site, which benefits from extensive frontage on to Charlemont Mall and Charlemont Street, will be offered for sale by private treaty in one single lot.
While the property is currently in use as medical suites full vacant possession of the property will be available to potential purchasers.
Charlemont Clinic has been a successful medical clinic for 25 years and continues to be so. However, in a number of ways the profile of private practice is changing, with more consultations being performed either in or adjacent to hospitals, both private and public.
As a result the vendors see a diminishing demand for the Charlemont Clinic’s continued operation at its present singular location.
The site is well located on the south side of Dublin city, approximately 1km north of St Stephen’s Green, between the Barge pub, Charlemont Street and South Richmond Street. The Charlemont Luas stop is situated less than 100m away and the main vehicular and pedestrian access is off Charlemont Mall a road running parallel to the Grand Canal.
Though some parts of the area are in decline, it remains an extremely busy area, particularly South Richmond Street which runs from Kelly’s Corner over the Grand Canal to Rathmines.
DTZ Sherry FitzGerald said the property is zoned for mixed-use development and is suitable for a range of uses subject to planning permission. A wide range of uses are permitted in principle or are open for consideration under the Dublin City Development Plan 2011-2017, including residential, offices and retail.
The site is located within a conservation zone and a protected structure forms part of the site to the east. The agents anticipate there will be a strong level of interest in the property due to its high-profile city centre location.
“This distinctive property represents an excellent opportunity to acquire a substantial city centre property with obvious development potential for a range of attractive uses,” Mr O’Flynn said.
The site would ideally be suited for either office or residential development but is also likely to attract interest from special purchasers including student accommodation operators and hoteliers looking for sites within close proximity to the city centre.