Friday 9 December 2016

32.4 acre site with planning in Dublin 15 guiding €5.25m

Published 27/10/2016 | 02:30

Lands for sale at Tyrrellstown
Lands for sale at Tyrrellstown
Tyrrellstown land for sale

CBRE are quoting a guide price of €5.25m for 13.08 hectares (32.4 acres) of land at Tyrellstown in Dublin 15.

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The lands, which are available in one or more lots and are located next to the Carlton Hotel and immediately east of Tyrrelstown District Centre, are being brought to the market for sale by private treaty.

Global pharmaceutical company Bristol Myers Squibb is located to the south of the lands and is currently in the process of developing a 30,000 sq m biologics manufacturing facility that will accommodate an additional 400 staff upon completion.

Tyrrelstown is situated within close proximity of Damastown Industrial Estate, one of Dublin's largest industrial estates, which includes a major IBM campus.

Other major commercial employers within the immediate area include PayPal and Welocalize.

Access to the property is provided directly off the recently-constructed N2/N3 link road. This new dual carriageway connects the N3 at Blanchardstown to the M2 at Cherryhound via Tyrrelstown and the Ratoath Road.

A new internal road structure for a larger land holding has also been developed with access due to be provided adjacent to the Carlton Hotel.

The site is zoned 'high technology' under the terms of the Fingal Development Plan 2011-2017, and enjoys convenient access to Blanchardstown, Dublin Airport and the main routes off the M50.

Part of the property benefits from full planning permission for the development of a petrol filling station and a drive-thru restaurant with a floor area of approximately 718 sq m.

CBRE's Peter Garrigan said: "With the expansion of Bristol Myers Squibb and the upgrading of the N2/N3 link road we believe this land has the capacity to deliver a significant quantum of accommodation for high-tech manufacturing and logistic operators."

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