€450k for development site next to DIT Grangegorman
Agent Knight Frank is guiding a price of €450,000 for a 0.11 acre development site at 61 Royal Canal Bank in Phibsborough, Dublin 7.
This site comprises workshops with yard space and benefits from just over 11 metres of frontage on to Royal Canal Bank.
The property overlooks Blessington Street Park and is within a 500 metre walk from both the DIT campus at Grangegorman and the Broadstone DIT Luas stop.
Under the Dublin City Development Plan 2016-2022 the land is zoned Objective Z1 - Sustainable Residential Neighbourhoods, that is 'To protect, provide and improve residential amenities'.
Permissible uses include residential while other uses open for consideration include hostel, hotel and restaurant.
Planning permission was granted in 2008 for seven residential units in a four-storey over-basement development. The scheme comprised of two basement and ground floor duplexes with five apartments on the upper floors together with five car spaces. This permission has since lapsed.