Monday 20 August 2018

Site in Dublin's SOBO at just €2m

An aerial view of 112-114 Townsend St in Dublin city centre
An aerial view of 112-114 Townsend St in Dublin city centre
Ronald Quinlan

Ronald Quinlan

Agent Robert Colleran is guiding a price of €2m for 112 -114 Townsend Street, a high-profile site within the thriving SOBO (South of Beckett O'Casey) district between Pearse Street and the IFSC in Dublin city centre.

Extending to 0.064 acres (260 sq m), the subject site occupies a key position at the intersection of Townsend Street and Lombard Street, and offers the potential for a residential or commercial development within a short walk of both the city centre and south docks.

Kevin Hughes of Hughes Planning and Development Consultants says the terms of the Dublin City Development Plan 2016-2022 would facilitate a residential building of up to 24m or a commercial office building of up to 28m (nine storeys high) on the site subject to a suitable design and normal planning criteria.

The property is zoned 'Z5' under the Development Plan. The objective of this zoning is: "To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity".

Should the prospective purchaser seek to develop an apartment scheme on the site, Housing Minister Eoghan Murphy's recently revised apartment guidelines may allow for an increased development height and reduced apartment sizes without parking.

For further information, interested parties should contact Robert Colleran by emailing robert@robertcolleran.com or by calling 087 290 6849.

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