Superb Residential Development Opportunity

Springhill House, Springhill Park, Killiney Co. Dublin

Dublin, 19 May 2015 – CBRE Development Land and Gunne Residential are delighted to have been instructed to bring Springhill House to the market for sale by Private Treaty.

Springhill House comprises a 2 storey detached house on a site of approximately 0.012 hectares (0.3 acres) on Springhill Park. Springhill Park is an established housing estate that is located within 1.5 km from Dalkey Village or Killiney Village.

The existing Springhill House building has been developed over time and is currently split up to accommodate 3 separate apartments. The building is in very poor condition and in need of extensive refurbishment works.

The site is Zoned "Objective A Residential" and there may be potential to knock the existing building as it is not protected and develop 3 detached houses or 4 semi-detached houses on the site, subject to planning permission.

CBRE will be quoting a price in excess of €1,000,0000 for the Springhill House site.

Robert Colleran, Director, CBRE Ireland Development Land
"This is a superb opportunity for a small developer to acquire a corner site in a secluded residential road that is located within 1.5 km fromDalkey Village or Killiney Village ".
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.