Dublin,
14
October
2015
|
11:18
Europe/Dublin

Excellent Opportunity to Acquire a 5.2 Hectare (12.92 Acre) Waterfront Site

On The South Quays In Arklow

Dublin, 6 October 2015 – CBRE are delighted to have been instructed to bring the former Qualceram Shires site to the market for sale by Private Treaty.

This waterfront development site is located on the South Quays of Arklow Harbour immediately adjacent to the south pier, Arklow Marina, Arklow Golf Club and the south east coast of Arklow town.

The site is located approximately 1 kilometre south of the existing town centre and Bridgewater Shopping Centre.

The newly opened section of the N11 road network is a short drive away and travelling to south Dublin is approximately 40 minutes (approximately 68 kilometres). A direct link to the capital has made it an attractive choice for commuters that may look to travel by car using the N11 or by train using the Dublin Rosslare Europort train line which services the town 14 times daily in either direction.

The Avoca River services both Arklow Harbour which is an existing commercial port and Arklow Marina on the North Quays which has berths for up to 42 boats in the inner harbour and 30 berths on pontoons on the river itself. The South Docks to which the subject site lies adjacent is a working dock for commercial fishing boats and the RNLI lifeboats. There are also 3 large berths to the north of the site that can accommodate larger boats and cruisers plus a smaller 20 berth Marina to the immediate west of the site.

The south side of the site adjoins the beach car park and benefits from views over Arklow’s 18 hole championship golf course and the Wicklow coastline.

The South Quay site is approximately 5.2 hectares (12.92 acres) in total and comprises 4 large industrial units with a section of the site that has already been cleared for future development.

Gaines Europe Limited occupy a modern 20 year old unit to the south of the site which has been rented out on a short term Lease up until 2017.

We understand that this industrial unit has a gross internal floor area of approximately 4,836 sq m (52,055 sq ft). This portion of the site is approximately 1 hectare (2.47 acres) in size and has separate road access to the south of the site.

The balance of the site is 4.26 hectares (10.53 acres) and accommodates 3 old Qualceram Shires industrial units and ancillary storage cylinders and containers. These industrial units have an eaves height of 2.9 metres and are generally past their economic life and are suitable for redevelopment.

A developer may look to rent out some of these industrial units in the short term before they obtain full planning permission and look to build out the site.

Robert Colleran, Director, CBRE Ireland Development Land
This is an excellent opportunity to acquire a magnificent waterfront site that is located at the head of Avoca Rover overlooking Arklow Marina, beach and Arklow’s 18 hole championship Golf Course.
Robert Colleran, Director, CBRE Ireland Development Land

The lands are zoned ‘Waterfront Zone’ M1 - Mixed Use, general development, opportunity/proposal site. Permitted uses include Residential, Hotel, Recreation, Restaurant and Shops.

The Wicklow Development Plan 2010 - 2016 identifies Arklow as a Secondary Development Centre in the Hinterland Area of the Greater Dublin Area. This all bodes well for a potential developer that may be seeking to develop the site.

It is a strategic development principle of the Arklow Town Development Plan 2011 – 2017 to consolidate growth within the town in order to develop a compact urban form and encourage the reuse of under-utilised land in the town.

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.