Development Site Guiding €19m in South Dublin - Construction Network Ireland - Construction Network Ireland

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Published in Construction on 23/09/2020

Development Site Guiding €19m in South Dublin

#savills

CNI Editor reports

A 33.32 acre site on the Glenamuck Road, Kilternan, Dublin 18 has been placed on the market by Joint agents, Savills Ireland and Kelly Walsh, with a guide price of €19m exclusive of VAT.

The sale presents a unique opportunity to develop in the region of 500 residential units on the subject site taking account of the Kilternan/Glenamuck Local Area Plan’s (LAP_) density range of 40-50 units per hectare. Under this LAP the lands are predominantly zoned residential (approx. 9.83 ha (24.3 acres) with a Neighbourhood Centre also being provided for.

The lands, which are situated off the leafy Glenamuck and Enniskerry Roads, comprise a large holding which is currently predominantly laid out in a mix of sports and agricultural fields. Positioned close to Junction 15 of the M50 Motorway, the site benefits from ease of access to all major national routes, Dublin city centre and Dublin Airport. The site also benefits from proximity to the Green Luas ine and a choice of Dublin Bus services.

In December 2019, An Bord Pleanála granted permission to DLRCC for the Part 8 (and CPO) Glenamuck District Roads Scheme which will connect the existing R117 Enniskerry Road with the Glenamuck Road. This scheme will traverse through the subject lands and will further enhance accessibility when complete.

Kilternan is located 12 km south of Dublin city centre close to the Dublin/ Wicklow border. South Dublin has many advantages including excellent infrastructure and enduring residential, retail and commercial appeal. The area also benefits from its location beside the major employment centres of Sandyford, Central Park and Cherrywood, which are home to global occupiers such as Microsoft, Vodafone and Sage.

John Swarbrigg from Savills said “The zoning, affluent location and accessibility will give the purchaser a rare opportunity to buy an excellent development opportunity in Kilternan. This site not only offers scale but also presents the developer the opportunity to provide an ideal housing mix in a strategic location supported by a strong demand for housing in the immediate area.”