RS-WS2
For Sale

CIE Site at MacDonagh Junction Station Kilkenny Station,

Co. Kilkenny, R95W8RH
0.327 Hectares
Development & Land Property

Property Overview

Tender – Rental Bids by 12 Noon on Friday 18th June 2021

Substantial Hotel / Commercial Opportunity, Kilkenny City – MacDonagh Junction Station

The site, which is currently used as a 45space car park, extends to approx. 0.327 Ha (0.808 acres) and is zoned ‘General Business’ under the Kilkenny City & Environs Development Plan 20142020. (Currently Under Review)The site has the benefit of now expired planning permission for a 135bedroom hotel, leisure and conference facilities, offices and ancillary uses/restaurants/bars of approx. 9,975 square metres under the MacDonagh Junction development parent permission (Building No.6) granted by An Bord Pleanala in 2004. Reference Number: PL 62.207285.

The site is likely to suit a landmark building subject to the agreed detail of a planning application in the future.

Development works will not impair the operation of MacDonagh Train Station or MacDonagh Junction Shopping Centre.

Tourism

The following details and comments are based on Fáilte Ireland  Research and Analysis of Visitor Accommodation in Kilkenny for the period 2018­ – 22. It does not take into account the Covid-19 Pandemic which has affected the worldwide tourism market since February 2020.

Kilkenny Castle (with 420,000 visitors in 2017) and the Medieval Mile are key attractors for international tourists, while its reputation as a lively compact city makes it very appealing to domestic visitors,  particularly at weekends.

Overseas tour buses tend to be mainly day­trippers, often out of Dublin, which is partly because of difficulties in getting sufficient  accommodation in Kilkenny during peak periods, but partly also  because the city is within relatively easy reach of Dublin.

Fáilte Ireland data for visitors and revenue to Co. Kilkenny indicate that the county attracted more than 600,000 visitors in 2017,  generating close to €100 million in revenue. Based on Fáilte Ireland data, spend per head of overseas visitors to the county is also about half that of counties Cork and Galway.  This difference reflects the higher number of overseas tourists on daytrips or shorter visits.  In this regard, Fáilte Ireland report that their discussions with the Irish Tour Operators Association (ITOA) confirm that the combination of difficulties in finding accommodation for coach tours in Kilkenny in the peak season, and its relative proximity to Dublin, underlie  this pattern.

In addition, Fáilte Ireland previously stated that past discussions with hoteliers in  Kilkenny confirm that occupancy rates in the peak season are very high, and the city has a strong domestic leisure market that raises off­season occupancy. Previous to the Covid-19 Pandemic annual occupancy rates in Kilkenny city centre (around 400 rooms) are typically about 78% based on Fáilte Ireland discussions with local hoteliers.  The market mix in Kilkenny is around 70% domestic leisure, with very strong trade on weekends.

The rest of the market is divided between tourists and the  corporate market, with around 10% being organised tours, but the mix will differ across the hotels, with some having a relatively good corporate business.  There are four big corporate employers in the city ­ Glanbia, VHI,  Taxback and State Street – and ongoing plans to develop the Abbey Quarter (old Smithwick’s Brewery site) are targeted to attract more office­based corporate development into the city.

Tender

CIE are seeking to secure a substantial annual rental income stream from the site and the interested parties are invited to bid in a tender process.  Register your interest with Lisney for access to the detailed  bidding documentation including a 5­ year building licence, subject to a minimum licence fee bid, agreement for lease documentation and the 300 year ground lease documentation. The ground lease is subject to a premium rent and /or a minimum percentage of the rents receivable from the completed development. The date set for the return of tenders is set for 12 noon on Friday 18th June 2021.

Legal

This transaction is not deemed to be a public works contract or a public works concession contract as defined under Directive 2014/24/EU and as implemented in Ireland by the European Union (Award of Public Authority Contracts) Regulations 2016, nor is it deemed to be a concession contract as defined under Directive 2014/23/EU on the award of concession contracts as implemented in Ireland by the European Union (Award of Concession Contracts) Regulations 2017 nor is it deemed to be a contract governed by Directive 2014/25/EU as implemented in Ireland by the European Communities (Award of Contracts by Utility Undertakings) Regulations 2016 and is therefore not being run under any procurement procedure governed by any of these rules. Lisney and the Vendor/Lessor whose Agents they are give notice that:  1. These particulars do not constitute any part of an offer or contract.  2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.  3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation nor for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property.  5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are  conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction.

 

 

Tender – Rental Bids by 12 Noon on Friday 18th June 2021 Substantial Hotel / Commercial Opportunity, Kilkenny City – MacDonagh Junction Station The site, which is currently used as a 45space car park, extends to approx. 0.327 Ha (0.808 acres) and is zoned ‘General Business’ under the

  • On the instructions of CIE Group Property Management.
  • Site 0.327 Ha (0.808 Acres) beside MacDonagh Junction Station & Shopping Centre on the Dublin Rd.
  • Previous planning permission(Expired 2020) for a 135-bedroom hotel, leisure and conference facilities, restaurant, bars of 9,975 sqm (107,400 sqft).
  • Zoned General Business under the Kilkenny City & Environs Development Plan 2014-2020 (Under Review).
  • 613,000 tourists visited Co. Kilkenny in 2019. The City offers significant future opportunities for future growth and additional bed capacity.
  • Kilkenny is a most attractive tourist destination with the renowned Kilkenny Castle, the Medieval Mile of historic attractions, shopping on High Street plus the Kilkenny Co. Co. masterplan area of the Abbey Creative Quarter which will provide residential, retail, hotel and offices. Kilkenny City is renowned for Festivals to include the Kilkenny Cats Laugh & Kilkenny Arts Festival
  • Register your interest with Lisney for access to the bidding documentation to include the 5 year building licence (agreement for lease) 300 year ground lease & details of the minimum initial licence fee
  • This transaction is not being run under any procurement procedure governed by European and / or Irish public procurement legislation.

Accommodation

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