Wednesday 20 September 2017

Foxrock residential site with planning for 24 units with a guide price of €5m

The site has direct access on to the N11 (Stillorgan Road) dual carriageway
The site has direct access on to the N11 (Stillorgan Road) dual carriageway

Ronald Quinlan, Commercial Property Editor

Agents CBRE are guiding a price in excess of €5m for a 0.45 hectare (1.1 acre) residential development site on the Stillorgan Road in Foxrock, Dublin 18.

The site, which is being offered to the open market by way of tender, is located in what is widely acknowledged as one of the capital's most affluent and desirable suburbs,.

Situated in close proximity to Foxrock village (1.4km), Cabinteely village (1.5km) and Dublin city centre (10.5km), the subject property benefits from direct access onto the N11 (Stillorgan Road).

The site has full planning permission from Dun Laoghaire Rathdown County Council (planning reference No: D15A/0622) for the demolition of the existing dwelling and the construction of 24 dwelling units.

The proposed scheme consists of a mixture of apartments ranging in size from 73 sq m to 135 sq m, and houses ranging from 184 sq m to 195 sq m. The lands are zoned Objective A - "To protect and or improve residential amenity" under the Dun Laoghaire and Rathdown County Development Plan 2016-2022.

Peter Garrigan of CBRE's development land division says: "Foxrock is a premier south Dublin residential suburb and has continued to witness an upsurge in demand for residential properties.

"This in turn has resulted in strong and consistent capital values being achieved. This particular scheme offering a mix of houses and apartments will appeal to a large variety of occupiers including families and people looking to downsize."

Foxrock and its surrounding area benefits from an array of amenities including schools such as Loreto College Foxrock, shops, restaurants, bars and Cabinteely Park. The subject site has the added benefit of being near sports clubs including Leopardstown Golf Centre, Foxrock Golf Club and Carrickmines Croquet and Tennis Club.

The area is also well served by public transport with a Quality Bus Corridor (QBC) operating along the N11, guaranteeing regular and rapid access to and egress from Dublin city centre to the proposed scheme's residents.

Sunday Independent

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