For Sale by Private Treaty - Exciting Hotel Development Opportunity Wolfe Tone Street/Barrack Street, Kilkenny. Site 0.27 Ha (0.66 Acres)
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For Sale by
Joint Agents
Private
Exciting Hotel Development Opportunity Treaty
Wolfe Tone Street/Barrack Street, Kilkenny.
Site 0.27 Ha (0.66 Acres)
Adjacent to New IMC Cinema and MacDonagh Junction train station.
Marking for illustrative purposes only.
Surrounded by amenities
• Kilkenny City is a very popular tourist destination known for its • The site is located on the corner of Wolfe Tone Street and Barrack
night life, art galleries, historic buildings, festivals, public gardens and Street with main accessibility from Wolfe Tone Street. The site
museums. It is one of Ireland’s most visited locations. fronting onto Wolfe Tone Street is surrounded by existing business
and residential buildings.
• The Kilkenny City and Environs Development Plan 2014-2020 has
included a strategic aim to protect and improve recreational, tourism • The subject site is zoned “General Business” under the Kilkenny
and arts facilities for the benefit of residents and for the promotion City and Environs Development Plan 2014-2020, with a stated
of tourism. objective “to provide for general development”. Land uses listed as
being ‘Permitted in Principle’ for this zoning objective include hotels,
• The subject site comprises lands at The Ormonde Centre, John’s motels and guest houses.
Green, Wolfe Tone Street, Kilkenny (Eircode R95 E9PA) and a vacant
carpark in front of that property with an entrance off Wolfe Tone
Street. The subject site is 0.27 hectares and was previously occupied
by The Ormonde Tourist Hostel.
Marking for illustrative purposes only.
An outstanding location
This is a significant 0.27 hectares hotel development opportunity Kilkenny has developed as a major tourist destination in recent
in Kilkenny City on part of the well-known former Mart site. IMC yearsbut the bedroom stock has remained relatively static over the
Cinema recently opened a new 12 screen cinema on part of the site. years. A 2018 report by Failte Ireland identified Kilkenny as lacking
adequate hotel stock, where only 41 new rooms were anticipated for
Kilkenny County Council have recently completed the new Central the city in 2018. According to AM:PM, the current number of hotel
Access Road and Bridge over the River Nore. bedrooms within Kilkenny is 1,222.
The subject site rests on the south side of the new access road. The The site is 200 metres from the new bridge over the River Nore linking
cinema is on a site of just over four acres and this section, including to the medieval centre, 300 metres from the train station, 500 metres
the subject site, will be focused on more leisure based uses anchored from Kilkenny Castle, and less than 200 metres from the social hub
and complimented by the cinema. of John Street. Frontage and road access to the site is excellent.
Marking for illustrative purposes only.
An outstanding location The subject site includes a Protected Structure, as recorded by the A proposed hotel development of 108 bedrooms was previously National Inventory of Architectural Heritage (NIAH Ref: 12000199) granted by the planning authority (Reference: 02990025/2005). and the Kilkenny City Record of Protected Structures (RPS Ref: B112). The Protected Structure is described by the Kilkenny City A Feasibility Study for a 106 bedroom hotel with conference and RPS as ‘John’s Green’, a former hostel (now Youth Hostel) which dining facilities has been prepared by James Mitchell Architects in features a “detached seven-bay three-storey over basement hospital, respect of the site, overseen by Brock McClure Planning Consultants. opened 1767, with three-bay three-storey pedimented breakfront, and single-bay three-storey central return to north-east.”
Tourism in Kilkenny
In 2018, Failte Ireland produced an Analysis of Visitor on Friday and Saturday nights, for example. The rest of the market is
Accommodation in Cork, Galway and Kilkenny and made the divided between tourists and the corporate market, with around 10%
following observations and comments: being organised tours, but the mix will differ across the hotels, with
some having a relatively good corporate business.
Kilkenny city is a flagship destination under the “Ireland’s Ancient
East” brand. Kilkenny Castle (with 420,000 visitors in 2017) and the There are four big corporate employers in the city – Glanbia, VHI,
Medieval Mile are key attractors for international tourists, while its Taxback and State Street – and ongoing plans to develop the old
reputation as a lively compact city makes it very appealing to domestic Smithwick’s Brewery site (Abbey Quarter) are targeted to attract
visitors, particularly at weekends. Overseas tour buses tend to be mainly more office-based corporate development into the city.
day-trippers, often out of Dublin, which is partly because of difficulties in
getting sufficient accommodation in Kilkenny during peak periods, but Hotels in Kilkenny account for nearly 1,100 rooms 1,222 (source
partly also because the city is within relatively easy reach of Dublin. AM:PM) and 2,600 bedspaces, or 83% of all registered bedspaces
in the city. Guesthouses and B&Bs account for another 11% of
Fáilte Ireland data for visitors and revenue to Co. Kilkenny indicate bedspaces, with the remaining bed stock comprised of small amounts
that the county attracted more than 600,000 visitors in 2017, of self-catering, hostel, caravan and camping and Fáilte Ireland
generating close to €100 million in revenue. Discussions with “Welcome Standard” approved properties. When looked at by grade,
hoteliers in Kilkenny confirm that occupancy rates in the peak season 4-star properties account for 59% of room stock and 57% of bed
are very high, and the city has a strong domestic leisure market that stock in hotels in Kilkenny (see Table 4.3). About 25% of stock is
raises off season occupancy. in 3-star hotels, on the other hand, with 5-star hotels accounting
for 13% of room stock and 17% of bed stock. Also, based on the
Annual occupancy rates in Kilkenny city centre (around 400 rooms) evidence from prior year Fáilte Ireland registrations, less than 20
are typically about 78% based on discussions with local hoteliers. rooms have been added to Kilkenny’s hotel room stock in the last five
The market mix in Kilkenny is around 70% domestic leisure, with years, all through extensions to existing hotels.
very strong trade on weekends. Around 40% of revenue is obtained
Galway Dublin
Limerick
Kilkenny
Waterford
Dublin 101 km
Cork Cork 119 km
Galway 139 km
Limerick 93 km
Waterford 45 km
source: Michelin Guide Ireland
Marking for illustrative purposes only.
Marking for illustrative purposes only.
Price
On application.
BER
BER exempt.
Joint Agents
PSRA Licence No 007218. PSRA Licence No: 001528.
Declan Bagnall Conor Niland John Ryan
declan@bdmproperty.ie conor@bdmproperty.ie john.ryan@cbrehotels.com
01-6795265 01-6795265 01-6185721
DISCLAIMER: These particulars are issued by Bagnall Doyle MacMahon and CBRE Ireland on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE Ireland for themselves and
for the vendor/lessor whose agents they are, give notice that:- (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references
to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves
(at their own expense) as to their correctness. (iii) Neither Bagnall Doyle MacMahon or CBRE Ireland, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property.
Bagnall Doyle MacMahon PSRA Licence No 007218. CBRE Ireland PSRA Licence No: 001528. design | conradjones.com
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