Christian Brothers Seek €3.75m for Former Dublin Monastery

A significant property in Dublin's city center, the former Christian Brothers monastery on Synge Street, is now on the market with a guide price of €3.75 million. Instructed by the Congregation of Christian Brothers, agent Bannon is seeking a buyer for this substantial site, which includes a 22-bedroom building and sits on 0.4 acres. The sale's proceeds are earmarked to meet the congregation's "charitable and legal obligations," a crucial detail given the historical context of such institutions. The property's location is noteworthy, adjacent to Synge Street CBS, the alma mater of prominent figures like broadcaster Gay Byrne and entrepreneur Eddie Jordan. This prime South City Centre location, zoned Z15 under Dublin City's development plan, offers potential for a variety of uses, including residential, educational, or health-related facilities, as highlighted by Paul Doyle of Bannon. This sale follows another significant transaction last year, where the Christian Brothers sold the Emmaus Retreat Centre in Swords for over €12 million. The ongoing divestment of properties by religious orders reflects broader societal changes and financial necessities, as they navigate their commitments in the contemporary landscape. The Irish press will undoubtedly follow the sale closely, given the property's prominence and the congregation's historical significance.

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This is a rare opportunity to acquire a large and conveniently located property in the south city centre. Given the extensive accommodation, which includes 22 bedrooms mainly on the top floor, the property provides the purchaser with a variety of potential uses.