Friday 28 July 2017

€2.8m price tag to secure foothold in Dublin's leading logistics hub

The Dubber lands extend to 27.99 acres, come with General Employment zoning, and are located between Dublin Airport and the the M50 motorway north of the capital
The Dubber lands extend to 27.99 acres, come with General Employment zoning, and are located between Dublin Airport and the the M50 motorway north of the capital
Ronald Quinlan

Ronald Quinlan

Agents Knight Frank are guiding a price of €2.8m exclusive for a significant land holding strategically located between Dublin Airport and the M50 motorway.

Extending to 27.99 acres, the site at Dubber comes with a GE (General Employment) zoning and is being sold on the instruction of receivers Grant Thornton. The lands are being sold in a single block holding and are accessed currently from both the R122 and Dubber Cottages.

The potential of the property is evidenced by its close proximity to Dublin Airport Logistics Park and Horizon Logistics Park. Harristown bus depot, IKEA, North Park and Charlestown Shopping Centre are also located nearby.

The land holding is ideally positioned for its prospective purchaser to access the extensive motorway network and Dublin Port Tunnel.

Junction 5 of the M50 Motorway is located within 2.5km while Junction 2 of the N2/M2 Motorway and the M1/M50 interchange are both located within 4.5km and 6.5km respectively.

Currently in agricultural use, the Dubber lands are zoned Objective GE (General Employment) under the recently adopted Fingal Development Plan 2017-2023. Based on the current zoning, the holding would, subject to planning permission, likely suit a variety of uses including industrial, logistics, high technology manufacturing, warehousing & wholesale.

Finín O'Driscoll of Knight Frank said: "The principles driving the industrial sector are infrastructure-based, with access to the national motorway network of utmost importance.

"In this respect, North Dublin is the premium location for logistics users in the Dublin market with accessibility to the M50 and M1 motorways particularly important. We envisage significant interest emerging for the lands given their high profile onto the R112 and the ease of access to the motorway network."

Elsewhere, agents CBRE are guiding a price of €1.25m for 145.73 acres (59 hectares) at Coolnaskeagh, Delgany, Co Wicklow. The lands, situated off the M11, previously traded as Glen of the Downs Golf Club and incorporate an 18-hole golf course and modern club house. The surrounding area is undulated in topography and is accessed via the Ballydonagh Road.

Greystones lies approximately 4km east of the property while Delgany village is situated approximately 3km south of the lands.

The property, which is available for sale in one lot, offers interested parties the opportunity to acquire a sizable land bank with excellent infrastructure links at the foothills of the Wicklow Mountains.

Commenting on the opportunity the lands present, Peter Garrigan of CBRE's development land division said: "We anticipate an asset of this calibre will attract interest from both domestic and international parties due to its proximity to Dublin and potential alternative uses."

Sunday Independent

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