FPP for 42 Luxury Units Foxrock Dublin 18

Dublin, 19th September 2018 – CBRE have been instructed to offer a unique and prestigious 0.74 hectare (1.82 acre) residential development site on the Glenamuck Road, Foxrock 18 to the open market by way of Private Treaty.

The site, which benefits from full planning permission for 42 large luxury apartment and houses, is nestled in the affluent residential suburb of Foxrock adjacent to Carrickmines Croquet & Lawn Tennis Club. The site, currently undeveloped in nature, provides extensive frontage of approximately 60m onto the Glenamuck Road. The community of Foxrock presupposes a lifestyle of comfort and elegance by providing an array of amenities including boutiques, salons, restaurants, cafés, health & fitness clubs as well as sporting facilities including golf clubs and Croquet & Tennis clubs while infrastructure links include the M50 and the LUAS, with Carrickmines Luas station located approx. 140m away.

The site benefits from a 5 year grant of planning permission (D16A/0260) to develop an exclusive scheme of 42 no. dwellings comprising a mix of apartments and houses. The completed development will also provide secure and private underground car parking facilities for its residents. The scheme, design in two blocks, consists of 1, 2 and 3 bed apartment units ranging in size from 77.9 sq m to 197.3 sq m while the housing units, located to the south of the lands, consists of 4 bed mid and end terrace units ranging in size from 250.9 sq m – 252.2 sq m. The site represents an opportunity to provide a mix of large residential units in an intimate neighborhood environment close to all amenities. The permitted scheme has been carefully designed to appeal to a wide selection of home buyers including those wishing to live in generously sized apartments whilst remaining in the Foxrock area

The property is mainly zoned Objective A - ‘To protect and – or improve residential amenity under the Dun Laoghaire Rathdown Development Plan 2016 - 2022.

CBRE are quoting a guide price of €7,750,000 for the entire site.

Peter Garrigan, Director, Development Land & Consultancy
This site presents interested parties with an opportunity to develop a prestigious residential scheme further establishing Foxrock as one of Dublin’s premier residential addresses. Due to its lot size and favorable planning permission we believe this exceptional asset will appeal to both domestic and international bidders.
Peter Garrigan, Director, Development Land & Consultancy
About CBRE

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