Landmark Development Site on Castle Street, Dalkey

For Sale By Tender

Dublin, 18 May 2016 – CBRE has been instructed to offer a landmark development opportunity extending to approx. 0.23 hectares (0.58 acre) on Castle Street, Dalkey Co. Dublin to the market by way of Tender.

This exceptional development opportunity located just off Dalkeys main retail thoroughfare, Castle Street, is nestled in the heart of the picturesque village and is situated on the southern end of Dublin Bay. Located approximately 13km south of Dublin city centre Dalkey is easily accessible via the N11 and DART.

The village boasts an array of amenities and facilities including art galleries, bookshops, delicatessens, a variety of pubs, restaurants, cafés, wine shops and numerous other specialty shops. The property is surrounded by a host of amenities such as Killiney Hill and Quarry, Sorrento Park, Dalkey Hill, Dalkey Castle and beaches at Sandycove and Killiney.

The property is currently zoned "NC" – Neighbourhood Centre – "To protect, provide and/or improve mixed-use neighbourhood centre facilities" under the DLR Development Plan 2010 - 2016.

The property previously benefitted from full planning permission, D06A/0910, for the demolition of the existing buildings on site and the development of 23 apartments and ancillary retail space at ground floor. This planning has since lapsed.

CBRE are quoting a guide price of €2 million for the entire site.

Peter Garrigan, Senior Surveyor, Development Land
"This rare opportunity allows interested parties to develop and incorporate a mixed use scheme, subject to planning permission, in the heart of Dalkey village. The previous planning permission has since lapsed however the positive planning history demonstrates the capacity of the site which allowed a sympathetically designed development to sit alongside the historic thoroughfare of Castle Street."
Peter Garrigan, Senior Surveyor, Development Land

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.