Saturday 21 April 2018

Development site at Ballyboughal in north county Dublin with a €2.8m asking price

The 10.5 acre site at Ballyboughal in north county Dublin.
The 10.5 acre site at Ballyboughal in north county Dublin.
Peter Flanagan

Peter Flanagan

CBRE is quoting €2.8m for a 10.5 acre development site in north county Dublin.

The site at Ballyboughal (pictured) is on the market by private treaty.

The largely undeveloped land is zoned RV - Rural Village under the Fingal County Development Plan 2011 to 2017.

There is lapsed planning permission for the development of 88 residential units, 623 sq m retail space, 445 sq m commercial space and a crèche. This permission expired in December 2014.

A row of terraced units frame either side of the access points to the subject property while a number of partly developed units line the perimeter of the site.

Ballyboughal lies about 9km north of Swords which accommodates an array of local facilities and amenities including the Pavilions Shopping Centre. Dublin City Centre lies 27km south of the site, with the M1 providing straightforward access, which connects Ballyboughal with Dublin Airport and the M50. Local amenities in the area include Roganstown Golf & Country Club, Hollywood Lakes Golf Club and a number of equestrian centres.

Peter Garrigan of CBRE commented: "this asset represents an opportunity to acquire a sizable development site in north county Dublin which has the capacity to accommodate 60 plus residential units, subject to planning permission. The previous planning permission has since lapsed however the positive planning history demonstrates the capacity of the site".

The development land market has seen strong interest in recent weeks, with a number of high profile sites coming on the market.

Arguably the highest profile site is the current Rehab headquarters in Sandymount in Dublin 4, which went on the block last week with an asking price of €12m.

That site is seen as one of the few large development sites left in Dublin 4, which remains the most expensive residential area in Dublin.

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