Bray Residential Development Site for Sale
Putland Road Development Site with Potential for 120 units SPP
Dublin, September 2018 – CBRE have been instructed to offer a prime residential site of 4.47 acres on Putland Road, Bray with excellent development potential for a high end residential scheme to the market by private treaty.
The site is ideally located on Putland Road, close to the junction with Vevay Road, in an established residential location. Bray town, located just 1.6km away, has a wealth of amenities including shops, restaurants & cafes. There are also multiple schools and sports clubs in the surrounding area including Presentation College, Loreto Secondary School, St Andrews National School, Wicklow County Cricket Club, Bray Hockey Club and Bray Sailing Club. The area is well connected by public transport with Bray DART station only 1.5 km from the subject site, as well as a number of bus routes providing links to Dublin City and the surrounding area. The N11 is located approx. 3.6km from the property, offering easy access to the M50 motorway, with Dublin City located just 24km north of Bray.
The site has been recently rezoned High Density Residential under the new Bray Municipal Local Area Plan 2018-2024. A feasibility study has been prepared by Downey Architecture showing the development potential for a luxury apartment development with a mix of 1, 2 & 3 bedroom apartments ranging in size from 48 sq m to 110 sq m and is available upon request. There are two buildings on site, one of which is a protected structure and will provide the purchaser with some short term rental income. The site is accessed from Putland Road, with access also available from Newcourt Road and Headlands.
This is a superb opportunity to acquire a substantial residential development site is an established coastal residential location.
CBRE are guiding excess €6,000,000 for the site.
In recent years Bray has established itself as a prime coastal residential location. This site offers the purchaser the opportunity to develop a high end residential scheme in a highly sought after area of Bray which will appeal to a wide demographic of buyers, including those looking to trade down in the surrounding area.
CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company has more than 80,000 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.
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 135 employees, we work with occupiers, investors and developers of office, industrial and logistic, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie