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High-tech site with great links going for €5.5m

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Well located: The 8.15 acre site in Ballymun, Dublin 11, is being sold by Dublin City Council

Well located: The 8.15 acre site in Ballymun, Dublin 11, is being sold by Dublin City Council

Well located: The 8.15 acre site in Ballymun, Dublin 11, is being sold by Dublin City Council

Dublin City Council is selling an 8.15 acre greenfield site with commercial zoning, on New St Margaret's Road, Ballymun, Dublin 11, at a guide price over €5.5m or about €675,000 per acre.

Agents Knight Frank are handling the sale on a subject-to-planning permission basis.

Located in the Fingal County Council area, the site is zoned Objective HT - High Technology, and this would accommodate development of offices, research and development and high technology/high technology manufacturing type employment in a high-quality built and landscaped environment. Other uses could include hospital and light industry.

The site benefits from 165 metres of frontage onto the New St Margaret's Road and high profile frontage of 170 metres to the M50 motorway to the north of the site.

Kieran Bray of Knight Frank says it has excellent transport links being close to Dublin Airport and less than 700 metres from junction 4 of the M50 ,which provides access to all major arterial routes as well as the M1 interchange with access to the Port Tunnel and Dublin centre.

Last year, Dublin City Council sold an adjoining site of more than four acres for €4.35m to French sports retailer Decathlon for a megastore which it is currently developing. That higher price per acre reflects its zoning for retail warehousing.

As well as current bus services, the site is about 500 metres from a proposed Metro stop at Northwood.

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