Thursday 18 January 2018

Development site in south Dublin offered for €4.85m

Lambert Smith Hampton are guiding €4.85m for this site in Blackrock in Dublin
Lambert Smith Hampton are guiding €4.85m for this site in Blackrock in Dublin
Peter Flanagan

Peter Flanagan

Lambert Smith Hampton has been retained to bring to the market a development site on Dublin's south side with an asking price of just under €5m.

The property at the former Europa Motors in Blackrock is being offered for sale by private treaty.

The property is on the market for offers in excess of €4.85m.

LSH say the property occupies a corner profile position at a pivotal location on Newtown Avenue at its intersection with Seapoint Avenue, adjacent to Temple Hill, approximately 0.8 km from Blackrock town centre and 6.4 km from Dublin City Centre. The surrounding area is predominately residential in character.

The site extends to an area of approximately 0.50 ha (1.25 acres) with buildings comprising 2,013.6 sq. m (21,674 sq ft). These buildings were formally tram sheds which were converted to their previous use as a car showroom with ancillary workshops. The property has a frontage of 120 metres to Newtown Avenue, a one way thoroughfare convenient to all major public transport links.

This development opportunity provides interested parties with a "unique chance" to develop in one of Dublin's premier locations. The site previously had planning permission for the development of about 60 large apartments granted in July 2006, which has now lapsed.

Under the Dun Laoghaire/Rathdown Development Plan 2010-2016, the property is zoned Objective A: "To protect, provide and/or improve residential amenity". This zoning objective provides potential (subject to planning) for development/redevelopment with a range of uses being permitted. The site would be ideal for a quality high density residential scheme. This opportunity will appeal to both developers and investors.

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