Development Sites: The former Hotel Pierre at Victoria Terrace in Dún Laoghaire, Co Dublin, is to be converted into apartments when it is sold by tender on October 7th.
DTZ Sherry FitzGerald expects to secure more than €4 million for the Victorian seafront building which has not operated as a hotel for several years.
Last August, An Bord Pleanála granted full planning permission after a three-year campaign to convert the hotel into 16 apartments.
These will include two one-bedroom duplex units of 59.6 and 65.6sq m (642 and 706sq ft), 13 two-bedroom homes ranging from 66-86sq m (710-926sq ft) and one three-bed penthouse with a floor area of 127sq m (1,367sq ft). There will be 19 car-parking spaces on site.
Hotel Pierre is an impressive mid-terrace four-storey over basement building which retains much of its original character. There is a four-storey extension. It has a floor area of 1,484sq m (15,974sq ft) and a site of 0.0835 hectares (0.2 of an acre).
The building is located on the west side of Victorian Terrace and overlooks Dún Laoghaire's East Pier. It also has uninterrupted views over Dublin Bay and Scotman's Bay, according to the selling agents.
New apartments have sold particularly well in Dún Laoghaire in recent years, helped in part by the increasing tendency of retired couples to move into more convenient accommodation after selling large family homes.
Meanwhile, DTZ Sherry FitzGerald and Sherry FitzGerald Rainey expect to secure over €13 million for one of the last remaining mixed-use development sites in Letterkenny town. The four hectares (10 acres) has frontage on to the Port Road, one of the busiest in the north-west.
Letterkenny has experienced considerable development in recent years and now has many of the top names in retailing, including Dunnes Stores, Tesco, Pennys, Atlantic Homecare, Supervalu, Lidl and Aldi. It is one of Ireland's fastest growing provincial towns with an immediate urban catchment of 20,000 people.
