independent

Thursday 17 April 2014

Land around Kildare Village for sale at €3m

The land, situated beside Kildare Village, which has been put on the market and is seeking close to €3m in total

A landbank beside one of the busiest shopping areas in the country has been put for sale with an asking price of nearly €3m.

CBRE and Conway Auctioneers have been jointly appointed to offer the Co Kildare site to the market, which is available in one or six lots.

The lands at junction 13 of the M9 motorway beside the Kildare Village Shopping Centre are up for sale for a total of €2.975m.

CBRE say the success of the location for retailers is highlighted by the number of visitors recently recorded at Kildare Village Outlet Shopping at 2.2 million shoppers per annum.

The 169-acre landholding is being offered to the market in 6 lots. Lot 1 is Laherkeen House, lot 2 is made up of about eight acres at Grey Abbey, lot three comprises about 115 acres at Grey Abbey and is the by far the biggest sub-lot available.

The fourth lot has about nine acres at Nurney Road, while lot five covers Monasterevin Road. Alternatively the entire site can be bought as one lot.

GREENBELT

The lands are zoned under the Kildare Town Local Area Plan 2012-2018.

Lot 1 is zoned "greenbelt", lot 2 comprises eight acres zoned "industry and warehouse".

The third, 115-acre site comprises consists of three different zonings. About 66.75 acres are zoned industry and warehouse, some 21 acres are zoned new residential and around. 27.9 acres are un-zoned.

Lots 4 and 5 comprising close to 44 acres zoned objective Q - Enterprise and Employment (Phase 1).

This objective is apparently to facilitate an appropriate mix of employment uses within a high quality campus type development including office based industry, enterprise and incubator units, business, science and technology and institutional use.

"Given the exceptional profile of the lands, fronting Kildare Village Outlet and a petrol filling station, a foodcourt or drive-thru could be a very attractive use for the lands," say CBRE.

The 115-acre site was granted planning permission in February 2007 for a scheme comprising residential, office, motor mall, light industrial, warehousing, hotel, drive-thru restaurant, petrol station, medical centre.

A 10-year planning permission was granted to develop approximately 100 acres of the lands.

The granted permission includes about 51 acres of large scale business, warehousing, industrial, manufacturing or office space and 342 residential units.

INTEREST

The permission also provides for a hotel, petrol station, drive-thru restaurant, retail units and offices.

Joint selling agents Wesley Rothwell and John Conway are thought to be expecting widespread interest in the sites on the back of the location and planning permissions.

Individual prices per lot were not released but are believed to be available on request.

Irish Independent

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