Thursday 24 May 2018

Clontarf site sells under the hammer for €2.2m

Clontarf site sold for €2.2m
Clontarf site sold for €2.2m

Peter Flanagan Commercial Property Editor

A site in one of the most prestigious areas of Dublin has sold for more than €2m.

CBRE and McCabe Auctioneers have sold a 0.47 hectare (1.16 acre) site in Clontarf for €2.2m by Public Auction.

The sale price equates to €157,000 per site and €1.9m per acre.

The agents say the site offers "excellent development potential and has the benefit of full planning permission".

The planning allows for an exclusive residential scheme comprising 14 houses (12 semi-detached and one detached and one re-instatement).

The scheme comprises 13 four-bedroom homes of 250sqm and one two- bedroom home of 120sqm.

An extension to the duration of this planning permission has been granted until August 31, 2017.

The property is zoned Objective 'Z2', 'to protect and/or improve the amenities of residential conservation areas' under the Dublin City Development Plan 2011-2017.

"This residential enclave has the advantage of being situated within close proximity of the city centre while also benefiting from the proximity to Dublin coastline," say CBRE.

"Clontarf benefits from excellent public transport including bus links and Clontarf Road railway station provides excellent access to the city centre."

Irish Independent

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