1.4 acre Residential Development Opportunity in Clontarf, Dublin 3

Dublin, 23 November 2016 – CBRE has been instructed to offer a unique 0.56 hectare (1.4 acre) residential development opportunity on Mount Prospect Avenue, Clontarf, Dublin 3 to the open market by way of Private Treaty.

The site, which incorporates two large detached residential dwellings extending to approximately 184 sq m and 263 sq m, is nestled in the affluent residential suburb of Clontarf and provides approximately 60 meters of road frontage onto Mount Prospect Avenue. The site also boasts undisturbed views of both St Anne’s Park and Dublin Bay.

The coastal community of Clontarf, located approximately 4km north of Dublin city centre, provides an array of amenities including boutiques, salons, restaurants, cafés, health & fitness clubs as well as sporting facilities including golf clubs, Clontarf Rugby & Cricket Clubs and Clontarf Yacht Club.

Two separate feasibility studies have been prepared by Rory Ryan of Ryan & Lamb Architects to demonstrate the development capacity of the site including a low density scheme of 16 townhouses and a higher density scheme consisting of 62 apartment units.

The property is zoned Objective Z1, ‘to protect, provide and improve residential amenities under the Dublin City Development Plan 2011 – 2017.

CBRE are quoting a guide price of €3.8 million for the entire site.

Peter Garrigan, Senior Surveyor, Development Land
As with our involvement of the sale of residential development sites on Vernon Avenue and Howth Road, Clontarf we anticipate strong demand from a variety of developers. This site provides an opportunity to develop a residential scheme with a host of amenities on your doorstep including St Anne’s Park and Dollymount Strand.
Peter Garrigan, Senior Surveyor, Development Land

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.