Exceptional Residential Development Site with FPP for 16 Family Homes
Vevay Road, Bray, Co. Wicklow
Dublin, 18 January 2017 – CBRE has been instructed to offer a unique 0.48 hectares (1.2 acre) residential development site on the Vevay Road, Bray, Co. Wicklow to the open market by way of Private Treaty.
The site, which benefits from Full Planning Permission for the development of 16 family homes, is nestled in the heart of Bray on Vevay Road. The property comprises a period property known as Carrickbrae House while the surrounding lands currently lie undeveloped. The granted development (16/253) consists of predominantly semi-detached and terraced properties while Carrickbrae House will be restored to a private residence. The development is located within walking distance of Bray Town Centre and provides easy access to the M11 & M50 while Dublin city centre lies approximately 24 km north of the property.
The coastal community of Bray, which sits on the foothills of the Wicklow Mountains, boasts an attractive residential setting and provides an array of amenities including boutiques, salons, restaurants, cafés, as well as sporting facilities including Bray Sailing Club and Bray Golf Club.
The property benefits from a 5 year grant of planning permission, as of December 2016, to develop an exclusive scheme of 16 no. dwellings comprising 2no. 4 bed, three storey
semi-detached houses (169 sq m – 182 sq m), 6no. 5 bed, three storey semi-detached houses (180 sq m), 3no. 4 bed. three storey row of terrace houses (167 sq m), 2no. 4 bed, three storey
semi-detached houses (165 sq m) while Carrickbrae House, once restored, will extend to approx. 286 sq m. The property provides a mix of zonings including RE1 – Residential and CE – Civic, Community and Education uses under the Bray Town Development Plan 2011 – 2017.
This development represents an opportunity to provide a mix of large family dwellings in an intimate neighborhood environment close to all amenities and has been designed for a modern family and seamlessly blends in with the neighboring and adjacent properties.
CBRE are quoting a guide price of €2,250,000 for the entire site.
This property, with its ideal lot size, presents interested parties with an opportunity to develop an intimate development consisting of modern family homes in the coastal suburb of Bray. Due to its lot size and favorable planning permission we believe this trophy asset will appeal to both local and national developers.
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.