Exceptional Residential Development Opportunity
P.P for 49 Houses Available by way of Licence Agreement
Dublin, 24th October 2018 – CBRE have been instructed by the Receiver Brendan O’Donoghue of RBK Chartered Accountants to offer by way of licence agreement, a unique "shovel ready" residential development site extending to approx. 3.4 acres located in the west suburban settlement of Newcastle, Co. Dublin.
The site, which has planning permission for 49 houses, is located within walking distance of Newcastle Village. Newcastle is a well-established residential location with a host of amenities in the surrounding area including Grange Castle Golf Club, St Finian’s GAA Club, Commercials Hurling Club and a number of schools, shops and cafes. Dublin City Centre is approx. 18.6 km east of Newcastle and is easily accessed via the N7 which is located approx. 3.4km south of the subject site. Newcastle also benefits from excellent public transport links, with Hazelhatch Railway Station and Saggart Luas Station only a short drive away, providing regular service to the city centre and major employment hubs such as the IFSC & Grand Canal Dock. It is also served by the 68 bus route operated by Dublin Bus, providing access to Cherrywood & Dublin city.
The site benefits from a 5-year grant of planning permission (SD16A/0117) to develop an attractive residential scheme of 49 dwellings comprising of a mix of 2 & 3 bed semi-detached, detached and terraced units, ranging in sizes from 110 – 121 sq. m.
The completed scheme will adjoin the existing Aylmer Heath residential development and will have full use of the green area and playground therein. The site represents an opportunity to provide a mix of residential units in a community environment within close proximity to a wide range of amenities. The permitted scheme has been carefully designed to appeal to a selection of purchasers, including first time buyers.
This provides a developer the opportunity to deliver to the market 49 houses in what is an established and growing residential location , where site payment is made on a piecemeal basis as opposed to one lump sum . Due to its lot size, favourable planning permission and payment structure, we believe this exceptional asset will appeal to a wide variety of developers and house builders.
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 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, 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