52.6-Acre Site in Bray, County Wicklow on the Market for €27.5m - Construction Network Ireland - Construction Network Ireland

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Published in Commercial Property on 23/10/2019

52.6-Acre Site in Bray, County Wicklow on the Market for €27.5m


CNI Editor reports

A 52.6-acre site in Bray, County Wicklow has been placed on the market by property advisor, Savills Ireland, with a guide price of €27.5m.

The site which is being referred to as Harbour Point, provides an opportunity for a purchaser to create a new and vibrant mixed-use quarter in Bray, and to capitalise on the scenic waterfront setting adjacent to Bray Town Centre.

Current planning permission for the site allows for the development of a substantial mixed-use scheme.

This permission sets a positive planning precedent on the lands and a detailed Architectural and Planning Information Memorandum has been prepared which demonstrates the potential of this significant landbank to accommodate a revised residential scheme with ancillary commercial accommodation, subject to planning permission. There is substantial short-term income from the existing tenants anchored by LIDL which a purchaser can benefit from while seeking permission for a revised substantial scheme and also during the initial phases of construction, depending on phasing.

The site’s convenient setting – situated just off Main Street – ensures the main retail offering and amenities in Bray are within a short walk while benefitting from a coastal setting. Moreover, public transport options are plentiful, with Bray Train Station situated within 700m, giving access to Dublin City within 45 minutes whilst providing suburban services between Greystones and Malahide/Howth.

The area caters for young families, professionals and outdoor enthusiasts with several schools, sports clubs and amenities in close proximity. Ravenswell Primary School and Colaiste Raithin are situated immediately adjacent the property, while St. Peters Primary School is located within a short walk, increasing the appeal of the location for families. St. Cronans N.S. and both Loretto Primary and Secondary Schools, in addition to Bray Institute of Further Education are located within Bray town.

This exceptional development opportunity is offered for sale in three lots;

  • Lot 1 – 21.04 hectares (52.0 acres) with planning permission for a significant development and potential for a revised scheme SPP
  • Lot 2 – 0.24 hectares (0.59 acre) ‘The Seapoint site’ with potential for a Residential scheme, SPP.
  • Lot 3 – The Entire