At the corner of South Great George’s Street and Stephen’s Street in Dublin 2 is a prime piece of real estate. And it’s vacant.
Across from Dunne’s Stores, the long building from number 41 to 45 is boarded up, painted a fading white and still marked with the signage of The Outlet Store.
At number 46, what used to be the premises of the Jaipur Indian restaurant is also shuttered. Just around the corner on Stephens Street South, numbers 51-53 are also empty.
What’s happening with what should be a tasty piece of land? The answer is a slightly complicated.
The premises has, in the past, been both residential and retail.
According to reports submitted along with a planning applications, the building was a victim of fire and partially redeveloped in the late twentieth century.
The block was purchased in 1990 by Grosam Properties, a company currently based in Dublin 4, and since then, planning permission has been granted for two separate developments on the site. (Grosam Properties didn’t respond to queries about the property.)
In 2006, permission was granted to develop a six-storey retail space that would keep the Victorian façade but developing the interior. In 2011, this permission was extended by 5 years. The extension runs out on 15 July 2016.
In 2013 meanwhile, a similar but separate plan was approved for the premises, allowing for a scaled-back redevelopment to take place across three storeys.
In early 2015, the Irish Times reported that the building had changed hands for an estimated €7 million and was in line for development.
Sadly, there are no records of that sale or the new owners with the Registry of Deeds and the Land Registry. But it’s not obligatory to register with them.
The new owners, whoever they are, if they are, don’t seem to have bothered, anyway.
There were a few records at the Registry of Deeds office, one that showed there had been a “release of debenture” granted by the National Asset Loan Management Ltd to Grosam Properties Ltd in June 2015.
Finín O’Driscoll of Knight Frank auctioneers, who carried out the sale in 2015, said that “there was a toss-up” at the time of the sale as to which of the permissions would be followed through on, and that there was substantial interest in the building once it came on the market.
But O’Driscoll wouldn’t say who bought it.
It was hard to find out anything more about what might be in store for the building.
Jaipur restaurant had been at the corner of the premises for over a decade until early 2015, on a 30-day notice.
Early last year, they received a letter saying they would have to vacate the premises, as the new owners intended to develop it.
However, the company, which has three other premises around Dublin city and county, was not made aware of the identity of the new owners.
“We were turfed out, and that was it,” said a spokesperson from Jaipur.
For now, though, the buildings remain vacant.
Editor’s Note: In March 2018, Grosam Properties Limited applied for planning permission to turn 41-46 South Great George’s Street into a “mixed-use development comprising hotel, retail and restaurant units”. As of 20 July 2018, the council had not yet made a decision on this application (ref.2546/18).