Sale Of Coolock Lane Site, Santry, Dublin 9

Dublin, 14 September 2016 – CBRE have just been instructed to sell a high profile site that is located just off the Swords Road on Coolock Lane in Santry. The Coolock Lane site is located 6 kilometres to the north of the city centre and 1.25 kilometres to the immediate south of the M50.

The property is a regular shaped site of approximately 0.28 hectares (0.66 acres) with 2 derelict semi-detached houses and 2 gate entrances onto Coolock Lane.

The property is zoned Objective RS: "Provide for residential development and protect and improve residential amenity" under the Fingal County Council Development Plan.

There is lapsed planning permission on the site for a four storey block of 20 apartments (Ref: F08A/0280). ‘Hughes Planning & Development Consultants’ advise that a developer should be able to obtain similar planning permission on the site for 20 apartments or they could look to apply for up to 70 – 90 smaller student accommodation units on the entire site.

The property is located less than 2.5 kilometres from Dublin City University and is conveniently located opposite Santry Park and Morton Stadium, close to the Omni Shopping Centre, the Port Tunnel Entrance, the Crown Plaza Hotel, Santry Sports Injury Clinic, Northwood and Gulliver’s Retail Park.

CBRE are quoting a sales price of €1 million for this high profile 0.66 acre site in Santry.

Robert Colleran, Director, CBRE Ireland Development Land
"This Coolock Lane site is conveniently located close to Dublin City University, Santry Park and a host of local amenities. The site should be able to accommodate a four storey apartment block of 20 apartments or up to 70 – 90 smaller student bedrooms".
Robert Colleran, Director, CBRE Ireland 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.