Dublin 3 development site hits the market for €1.75m
DTZ Sherry FitzGerald is guiding €1.75m for a development site at 63 Howth Road in Clontarf.
The site extends to approximately 0.2 hectares (0.49 acres) and is for sale by private treaty.
According to DTZ, the property which is on the southern side of the Howth Road close to its intersection with Copeland Avenue in Clontarf has as much as 27m facing on to the Howth Road.
It comprises a commercial property located on the south west portion of the site with surface parking on the remainder.
Under the Dublin City Development Plan 2011 - 2017, the property is zoned Objective Z1 and Z2 where residential is the primary permitted use. There is lapsed planning permission which was granted on 6 June 2006 for a scheme of 31 apartments to comprise 28 two bed apartments and three one bed apartments with basement car parking.
"While this planning permission has expired, it represents a positive planning history for this well located development site. In addition, schematic drawings were prepared for two alternative schemes comprising a mix of 8-14 residential units, however the site may be suitable for a range of alternative schemes, subject to planning permission," said DTZ.
The agents anticipate that there will be" extremely strong interest" in the property due to its coastal location, favourable land use zoning and clear development potential.
According to Colette Mulroy of DTZ Sherry FitzGerald, "this represents an excellent opportunity to acquire a coastal development site in the desirable location of Clontarf with obvious development potential for a range of residential schemes subject to planning permission".
Clontarf is an affluent coastal suburb, which benefits from proximity to Dublin City Centre which is located approximately 4 km to the south west. DTZ say the area offers a host of amenities and facilities including schools, shops, public houses, restaurants and is also home to a number of sporting facilities including Clontarf Yacht Club and Rugby Club. 63 Howth Road has what the agents call "excellent transport networks including proximity to the Port Tunnel, M1 and the M50 while the DART at Clontarf Road is situated approximately 550m to the south In addition, a number of Dublin Bus routes are situated along Clontarf Road".
This is the latest in a string of development sites in the Clontarf area that have gone on the market in recent weeks. CBRE is marketing a site further up the Howth Road near Killester which has planning permission for almost 20 family homes.