Dublin,
27
April
2016
|
09:23
Europe/Dublin

10.5 acres residential development site in North County Dublin

Dublin, April 2016 - CBRE are quoting €2,800,000 for a 4.26 hectare (10.5 acre) development site in Ballyboughal, north county Dublin which the acting agents are offering to the open market for sale by Private Treaty.

The lands, largely undeveloped, are zoned RV - Rural Village under the Fingal County Development Plan 2011 – 2017 and previously benefitted from planning permission (F06/1108) for the development of 88 residential units, 623 sq m retail space, 445 sq m commercial space and a crèche. This permission lapsed in December 2014.

A row of terraced units frame either side of the access points to the subject property while a number of partly developed Work in Progress (WIP) units line the perimeter of the site.

Ballyboughal lies approximately 9km north of Swords which accommodates an array of local facilities and amenities including the Pavilions Shopping Centre. Dublin City Centre lies approximately 27km south of the subject site, with ease of access provided via the M1, which connects Ballyboughal with Dublin Airport (14km) and the M50 (15km). Local amenities in the area include Roganstown Golf & Country Club, Hollywood Lakes Golf Club and top quality equestrian centres.

Peter Garrigan, Senior Surveyor, Development Land
“this asset represents an opportunity to acquire a sizable development site in north county Dublin which has the capacity to accommodate 60 plus residential units, subject to planning permission. The previous planning permission has since lapsed however the positive planning history demonstrates the capacity of the site”.
Peter Garrigan, Senior Surveyor, Development Land

Full details are available from the Development Land Division of CBRE 01 – 6185500.

- Ends -

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.