1.8 acre Residential Development Opportunity in Dundrum, Dublin 14

Dublin, 09 January 2017 – CBRE has been instructed to offer an exceptional residential development opportunity at Annefield House, Taney Road, Dundrum, Dublin 14 to the open market by way of Private Treaty. The site, extending to approximately 0.72 hectares (1.8 acres), located in the heart of Dundrum provides an opportunity to develop an intimate housing scheme in close proximity to local facilities and amenities.

The lands, located in the affluent and highly desirable south Dublin suburb of Dundrum provide access onto Taney Road, Sydenham Road and Kilmacud Road Upper. The site is located in close proximity to employment/retail hubs and amenities including Dundrum Town Centre, the M50 and the LUAS.

The site, which incorporates two existing dwellings - St Annes and a protected structure known as ‘Annefield House’ – a three bay two-storey over basement double fronted house, provides an opportunity to construct an additional 12 residential units, subject to planning permission, extending from approximately 100 sq m to 150 sq m while restoring both Annefield House and St Annes.

The lands fall under the Dun Laoghaire Rathdown County Development Plan 2016-2022 and are zoned Objective A – ‘To protect and or improve residential amenity’.

CBRE are quoting a guide price of €4 million plus for the entire site.

Peter Garrigan, Senior Surveyor, Development Land
Dundrum has continued to achieve strong and attractive residential prices over the past 24 months due to its proximity to Dublin city centre, provision of social and recreational amenities and availability of infrastructure links including the M50 and the LUAS. With the capacity to deliver a variety of unit types, including mews dwelling and large detached properties, we believe a residential development site of this size affords a developer the opportunity to provide a product that will meet the needs of variety of end users.
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.