Thursday 21 February 2019

Major residential site in commuter town of Ratoath guiding at €7.5m

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Ronald Quinlan

Ronald Quinlan

Agent Knight Frank is guiding a price of €7.5m (exclusive) for a 29.73 acre site with residential zoning in Ratoath, Co Meath.

Located on the Fairyhouse Road and within 1km of Ratoath town centre, the majority of the subject site is zoned residential development under the current Meath Development Plan.

According to it, 1.53 acres are zoned Residential Phase I while 17.55 acres are zoned Residential Phase II (post 2019). The balance of the holding comprises lands that are zoned for 'Open Space' (approx. 0.12 acres), un-zoned lands (approx. 6.22 acres) and lands reserved for the Ratoath Outer Relief Road (approx. 4.31 acres).

The proposed route of the Ratoath Outer Relief Road (Phase II) passes through the lands along their southern boundary. The selling agent understands that Phase I of this road is scheduled to start construction in Q1 2019 with a completion date of Q1 2020. Once complete, the new road will link the Fairyhouse Road (R155) with the Ashbourne Road (R125) and enhance the accessibility of the subject lands.

Given its easy access to Dublin city, Ratoath is a strong commuter town with a population of approximately 9,533. The town also benefits from a wide range of local amenities and high quality primary and secondary schools underpinning it as a local centre.

Situated within 22km of Dublin city centre, Ratoath is positioned between Dunshaughlin and Ashbourne and benefits from easy access to both the M2 and M3 Motorways. The M3 Parkway (Park and Ride) railway station is within 6.5km providing train services to Dublin city centre.

Full details can be obtained from the Dataroom for the sale which can be accessed at fairyhouseroad.com

The site is being sold on the instruction of the statutory receiver, Declan Taite of Duff & Phelps (Ireland) Ltd.

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