Wednesday 17 October 2018

€1.95m Ashbourne opportunity ideal for development

Aerial view of Ashewood with development sites outlined in red
Aerial view of Ashewood with development sites outlined in red
Ronald Quinlan

Ronald Quinlan

AGENTS REA Grimes are quoting a guide price of €1.95m for a residential portfolio of 11 existing dwellings at various stages of completion, in addition to 13 development sites with lapsed planning permission, at the Ashewood estate in Ashbourne, Co Meath.

Developed originally between 2004 to 2007, the development comprises approximately 248 residential units, having been constructed in two phases. The existing units being offered as part of this sale consist of one four-bedroom detached house, two three-bedroom houses, four three-bedroom duplexes, and four two-bedroom, own-door apartments. In terms of the sites with lapsed planning permission, there are six two-bedroom own-door apartments, six three-bedroom terraced/end-of-terrace houses, and one four-bedroom detached house included in the sale.

Ashewood is within walking distance of Ashbourne town centre, just off Hunter's Lane, and close to other residential developments Archerstown Wood and Brookville. Ashbourne is an established satellite town of Dublin, 24km north of the city centre, 21km from Dublin Airport and 18km from Junction 5 of the M50.

Selling agent Siobhan O'Sullivan of REA Grimes expects the Ashewood portfolio to appeal to developers, offering as it does a good opportunity to enhance the existing assets and development sites.

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