Thursday 19 April 2018

Leixlip sites for €6m and €2.5m

An aerial view of the lands at Collinstown and Easton in Kildare
An aerial view of the lands at Collinstown and Easton in Kildare
Ronald Quinlan

Ronald Quinlan

Agent Knight Frank is a guiding a price of €6m for a significant zoned development site in Collinstown, Leixlip in Co Kildare. Extending to 36.57 acres (14.79 hectares), the site is currently in grass and has 170 metres of frontage on to the R449.

It also has additional road frontage of 135 metres to the local road L81206. Leixlip's Louisa Bridge train station is just 1.5km away, providing direct access to Connolly Station, while exit 6 on the M4 motorway is located 0.5km from the site, giving ready access to the M50 and the wider motorway network.

Kildare County Council adopted the Leixlip Local Area Plan (LAP) 2017-2023 with material alterations on Monday, November 20, 2017. The entire landholding is zoned 'Objective Q: Business & Technology' under this LAP, that is 'To provide for office and high technology type employment'.

Among the uses open for consideration are motor sales, petrol station, light industry, office, medical consultant/health centre, restaurant, shop (convenience) and tourist-related facilities.

The LAP promotes the land at Collinstown as a strategic location for future business and technology uses to be developed, subject to a masterplan.

Separately, Knight Frank is guiding a price of €2.5m for an adjacent 2.92 acre (1.18 hectare) residential development site at nearby Easton.

Situated in an established residential location just 0.8km to the south of Intel Ireland's Leixlip Campus, the lands are ideally positioned with frontage onto both the Easton Road and the R449 and easy access to M4 and wider motorway network. Maynooth is 4km from the subject site, while Celbridge is 3km away. The hugely-popular Carton House and K Club are just 2.5km and 8km away respectively. Under the Leixlip Local Area Plan 2017-2023, the site is zoned 'Objective C: New Residential', that is 'To provide for New Residential Development'.

The site is located in Key Development Area 2: Easton. The plan states that Area 2 will accommodate medium to low-density residential development in the order of 30 units per hectare (12.14 units per acre). However, where the quality of the design and layout is particularly high, a maximum density of 35 units per hectare (14.16 units per acre) may be achievable.

Both of the above sites are being offered for sale by Knight Frank on the instructions of receiver, Declan McDonald of PWC.

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