Tuesday 17 October 2017

€2.5m for foothold in 'Silicon Docks'

The South Dock Street site is zoned for residential use
The South Dock Street site is zoned for residential use
Ronald Quinlan

Ronald Quinlan

AGENTS Knight Frank are guiding in excess of €2.5m for a residential redevelopment opportunity in close proximity to Grand Canal Dock at South Dock Street, Dublin 4.

Located in the sought-after Silicon Docks area, the site is adjacent to a number of the area's major international employers including Google, Facebook, Airbnb and consultants Accenture.

The property is also located in close proximity to the offices of bluechip law firm, Mason Hayes & Curran.

The subject property also benefits from excellent public transport links with Dart rail services within 500 metres at Grand Canal Dock Station.

Currently, the land accommodates an existing warehouse workshop and showroom building on a site area of 0.47 acres.

The site benefits from two vehicular access points onto South Dock Street and also has an element of frontage onto Hastings Street to the north. The lands are zoned for residential purposes under the current Dublin City Council Development Plan 2016-22 .

Davey Smith Architects have carried out two feasibility schemes in relation to the property detailing both a 14-unit townhouse scheme and a 22-unit townhouse and apartment/duplex scheme.

Both of these proposed schemes include a provision for surface car parking.

Knight Frank say that: "The property represents an attractive residential redevelopment opportunity in a thriving employment area that is currently starved of high quality residential accommodation."

Selling agents James Meagher and Finín O'Driscoll expect there will be significant interest in the site owing to the strength of demand for housing in the capital, and particularly within the city's docklands area.

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