Hostel in city centre snapped up for €1.8m

Hostel in city centre snapped up for €1.8m
38-39 Gardiner Street upper
Colliers International has sold 38-39 Gardiner Street Upper in Dublin 1 for €1.8 million. The property comprises two adjoining mid-terrace, four-storey over basement Georgian buildings. It operated as a hostel and was laid out in 21 self-contained double bedroom units. The buildings were previously used as an ecclesiastical training centre and short-stay accommodation. All units are en suite and include a living room/kitchen. Some 12 of the units are let by way of monthly residential lease agreements. Eight units are reserved for Airbnb lettings, with occupancy rates of over 90 per cent.

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