Maldron Prime Hotel Investment (Tenant Unaffected) For Sale by Private Treaty - Amazon S3
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
maldron
THE
H O T E L
S H A N D O N, C O R K
SOLE SELLING AGENTS Prime Hotel Investment (Tenant Unaffected)
For Sale by Private Treaty
maldron
THE
H O T E L
S H A N D O N, C O R K
maldron
THE
H O T E L
S H A N D O N, C O R K
Executive Summary
l Prime hotel investment opportunity in Cork city centre
l Situated 250m north of the Opera House and Crawford Art
Gallery and close to other well-known landmarks such as
St. Anne’s Church Shandon and the Butter Museum
l Within walking distance of all city centre amenities
l Excellent range of facilities including 101 en-suite bedrooms,
bar, restaurant, meeting rooms and leisure centre
Leased to Dalata Hotel Group until 2030
For Sale by Private Treaty
l
l Subject to a fixed rent of €400,000 p.a. until November 2020
with a turnover rent in addition On the instructions of the Receiver,
l 5 yearly upward only rent reviews to Open Market Rent Aiden Murphy
l Rent receivable of €534,817 in 2015
l Substantial refurbishment and redecoration of the hotel
recently completed.
maldron
THE
H O T E L
S H A N D O N, C O R K
Opera House
N20
Apple
Popes Quay
St. Annes Shandon
Butter Museum
Location
The hotel is ideally The hotel is ideally located 250m north of the Opera House and Crawford
Art Gallery on the north side of the River Lee. It is located at the junction of
located 250m north of John Redmond Street and Upper John Street in the Shandon area close
to other well-known landmarks such as St. Anne’s Church and the Butter
the Opera House and Museum both of which are on the doorstep of the hotel. It is also within
Crawford Art Gallery walking distance of all city centre amenities.
Cork city centre provides an extensive range of commercial, leisure
on the north side of the and tourism related uses. The main retail thoroughfares of Patrick
River Lee and within Street and Opera Lane are located 300m to the south of the Maldron
Hotel while all areas throughout the city centre are close to the property.
walking distance of all The hotel benefits from good accessibility with a number of bus routes
city centre amenities. passing outside the property in addition to Cork’s main bus station
and Kent train station being nearby, each providing direct hourly ser-
vices to Dublin. In addition there are regular bus connections to areas
throughout the southwest of the country and also regular direct services
to places further afield such as Killarney, Galway, Limerick and Waterford.
maldron
THE
H O T E L
S H A N D O N, C O R K
Description
The 101 bedroom Maldron Hotel is provided within the fabric of the former
North Infirmary Hospital, which closed in 1987. The property was redevel-
The hotel provides a
oped in 2001 to include the addition of a four storey extension to the rear. wide range of room
The hotel provides a wide range of room types including double, king, twin types including double,
and family rooms. Facilities in the hotel include Stir Restaurant, Bells Bar,
and an extensive leisure centre and meeting room facilities. Surface car king, twin, and
parking is also provided to the front of the hotel.
family rooms.
The property has recently under gone a substantial refurbishment
and redecoration. The works completed to date include the complete
refurbishment of 60 bedrooms in the original North Infirmary Hospital
building, the re-equipping of the gym, the complete refurbishment of the
changing rooms in the leisure centre and the refurbishment of the lobby/
reception, dining room and public bar and the redecoration of front of house
areas and corridors throughout the hotel.
maldron
THE
H O T E L
S H A N D O N, C O R K
Bedrooms Dining
The Maldron Hotel provides 101 en-suite The hotel has a range of dining options including the Stir Restaurant and Bells
bedrooms. Each bedroom is equipped Bar. Stir Restaurant is open daily for breakfast and dinner, while Bells Bar is
with a workstation or desk, flat screen also open daily serving a range of food options throughout the day.
television, direct dial telephone, hairdryer,
complimentary Wi-Fi and tea & coffee Meeting Room Facilities
making facilities. Bedrooms are provided in The Maldron Hotel has versatile modern meeting room facilities
a range of configurations as detailed below. comprising two rooms with a total capacity of up to 60 guests. In addition the
restaurant can accommodate 120 guests as part of a private event.
Room Type No.
Double 34 Leisure Centre
King 30 The hotel benefits from an extensive leisure centre comprising a 20m pool
including steam room, sauna and jacuzzi and a fully equipped gym.
Twin 23
Family 14
Total 101
maldron
THE
H O T E L
S H A N D O N, C O R K
Tenancy
Tenant unaffected.
The Maldron Hotel is leased to the Dalata Hotel Group on a 27 year lease The Maldron Hotel is
from the 1st November 2003. The lease is subject to a fixed rent of €400,000
p.a. until November 2020, with a turnover rent in addition of 25% of the
leased to the Dalata
annual room revenue in excess of €1,750,000. The total rent received in Hotel Group on a 27
2015 was €534,817.
The lease is subject to 5 yearly upward only rent reviews to “Open Market
year lease from the 1st
Rent”, with the next rent review due in November 2020. November 2003.
The lease is guaranteed by Dalata Limited and includes repair and yield up
clauses in favour of the landlord.
maldron
THE
H O T E L
S H A N D O N, C O R K
LE
ITR
IM
AD
RO
ST
IRE
ST PAT
RE
M
LAN TRAIN STATION
ET
G
ER
MALDRON HOTEL W
RICKS
LO
ET
N STRE
HILL
UAY
STREET SQ
O
MCCURTAIN AN
JOHN REDM ORG
SHAND
OND H
STREET
ST PATRICKS QUAY
POPES QUAY QUAY
MERCHANTS
LAVITTS QUAY BUS STATION
PARNE
COAL QUAY
OPERA HOUSE
LL P
NO
RT T
CO ST
LA
H EE AY
TR
CE
M
RN REE
AI S T QU
UL ET EE S
MA T
N PA TRE STR PP
ST S T LA
RK
RE ICK KET
ATR N
ET
ET
STP R PLU
IVE
QU E
OL
E
AN
RL
AY
GE
VE
EET L
LS
RI
STR L
MA
N
EA
GR
TON
IO
H
ING UT
ST
AN
UN
SH SO
RE
WA
D
N2
ET
SO
PA
7
UT
RAD
HM
E
AIN
ST
Y GEORGES QUAY
UA UAY SOUTH TERRACE
RE
ERQ IVA NS Q
ET
ST SULL
N CA
LA
For further information please Title For Sale by Private Treaty
contact the sole agents: On the instructions of the Receiver,
We understand that the property is held freehold.
Aiden Murphy
Price
On application.
Eoin Ryan VAT
Email: eoin.ryan@dtz.ie Further information available on request.
Tel: +353 21 427 5454
Viewings
Peter O’Flynn
Strictly by appointment with the Sole Agents DTZ Sherry FitzGerald.
Email: peter.oflynn@dtz.ie
Tel: +353 21 427 5454
Building Energy Rating
Sinéad Ryan C1- B2
The property has a building energy rating (BER) of B2. The BER No. is 800460099.
The Energy Performance Indicator is 337.53 kWh/sqm/yr. Full BER details including
Email: sinead.ryan@dtz.ie
the BER certificate and advisory report are available on request from the sole agents.
Tel: +353 21 427 5454
DTZ SHERRY FITZGERALD
6 Lapps Quay, Cork
t: 021 4275454 Conditions to be noted 1. These particulars do not constitute an offer or contract or any part thereof and none of the
statements contained in the particulars as to the property to be relied on as a statement or representation of fact. 2.
f: 021 4277246
The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty
www.dtz.ie B2
in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and
occupation, and 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 himself/herself by inspection or otherwise as
to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale,
the latter shall prevail. 5. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor
and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the
purchaser/lessee shall be liable for any VAT arising on the transaction.7. DTZ Sherry FitzGerald Registration Number: 002607
You can also read
