Sandy­ford ho­tel planned on ware­house site

The Irish Times - Business - - BUSINESS COMMERCIAL PROPERTY -

Esprit In­vest­ments, the pri­vate in­vest­ment com­pany owned by Jones En­gi­neer­ing founder Eric Kin­sella, has plans to build a new six-storey over-base­ment ho­tel on a 0.2-hectare (0.51-acre) site on Bal­ly­moss Road in the Sandy­ford In­dus­trial Es­tate.

The pro­posed 6,755sq m (72,700sq ft) ho­tel would com­prise 185 rooms and ben­e­fit from 44 base­ment carpark­ing spa­ces.

The prop­erty is sit­u­ated just a two-minute walk from Stil­lor­gan Luas, af­ford­ing fu­ture guests ease of ac­cess to Dublin’s city cen­tre.

Un­der the plans, an ex­ist­ing 1,016sq m (10,940sq ft) ware­house named Grafton House would be razed to make way for the new ho­tel. The prop­erty was of­fered for sale by a pri­vate eq­uity fund in 2015 as part of a €20 mil­lion portfolio dubbed the Sandy­ford Col­lec­tion, which failed to sell.

Undis­closed sum

Esprit sub­se­quently ac­quired Grafton House for an undis­closed sum, and sep­a­rately ac­quired the Cedarhurst Build­ing about 100m away on Arkle Road, which was mar­keted for sale at €3.9 mil­lion.

The low-rise build­ing oc­cu­pies a prime 0.26 hectare (0.65 acre) site that could ac­com­mo­date a build­ing more than four times the size of the ex­ist­ing struc­ture.

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