Monday 20 November 2017

Developers have the chance to buy sites in Bray and Dundrum

The site at Adelaide Road, Bray, in Co Wicklow which has an asking price of €995,000
The site at Adelaide Road, Bray, in Co Wicklow which has an asking price of €995,000

Peter Flanagan Commercial Property Editor

KNIGHT Frank has been tasked with selling a development site in south Dublin with full planning permission for residential development.

The site at the rear of Sydenham Villas in Dundrum is due to go to auction with a guide price of €1m.

Sydenham Villas is located just off the Kilmacud Road Upper and very close to Dundrum town centre. The Luas Green Line at Balally is within 100m.

The subject property consists of a 'V-shaped' site extending to about two thirds of an acre.

The subject site has one vehicular access via Sydenham Villas and has planning permission for pedestrian access via Overend Way. Adjoining the site is the existing Pirton House and Taney Parish National School.

Under the 2010-2016 Dun Laoghaire-Rathdown County Development Plan, the subject property is zoned Objective A; that is 'to protect and/or improve residential amenity'.

Knight Frank intends to auction the site on June 12 at 3pm. James Meagher of Knight Frank commented: "This is an excellent opportunity to acquire a development site with the benefit of full planning permission for four substantial detached houses."

Meanwhile, CBRE has been instructed to handle the disposal of a site at Adelaide Road in Bray, Co Wicklow, that has an asking price of some €995,000.

The property is being offered to the market by private treaty.

It is located on what CBRE calls a "prominent" position located directly opposite Bray dart station with dual frontage onto Adelaide Road and Station Road.

The property incorporates a disused warehouse and has an area of 1,450 sq m.

CBRE says the area is "well serviced by amenities and public transport, and is within walking distance to Bray town".

The entire site extends to approximately three quarters of an acre offering excellent development potential.

The site is zoned Objective 'GTH' which is 'to provide for the development and improvement of public transportation infrastructure and high level uses'.

The area shall be developed as a gateway to the town with clear linkages to the town centre and the seafront.

The area is considered suitable for higher density mixed use development including retail, commercial, office, residential and civic use.

All developments will be required to be of 'particularly high aesthetic design' under the Bray Town Development Plan 2011–2017.

The site is the latest in a string of land parcels in south Dublin and Wicklow to have come on the market in recent months, as the market slowly but surely begins to come back after an absence of several years.

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