€12m for Dublin Site with Planning Permission for 358 Apartments - Construction Network Ireland - Construction Network Ireland

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Published in Residential Property on 19/09/2018

€12m for Dublin Site with Planning Permission for 358 Apartments

CNI Editor reports

 A site in Bluebell, Dublin 12, with planning permission for 358 apartments and 4 commercial/community units, has been placed on the market by Savills with a guide price of excess €12m.

The development has full planning permission for a significant apartment scheme of 358 units on a site extending to approximately 2.65 ha (6.55 acres). The permitted scheme comprises a mix of 76 no. 1 bed, 219 no. 2 bed and 63 no. 3 bed apartments. The various unit types extend to average floor area of 576 sq ft, 915 sq ft and 1,140 sq ft respectively.

Furthermore, the development will benefit from 4 commercial/community units including a creche, gym, residents lounge and business suite. The site currently has planning for 358 secure basement car parking spaces.

It is worth noting that amendments to the permitted planning permission have been lodged to Dublin City Council. If granted, the density will increase to 371 units which will include 85 no. 1 bed, 228 no. 2 bed, and 58 no. 3 bed apartments. It will also reduce basement car parking to 274 car parking spaces if granted.

The site is well located in Bluebell, Dublin 12 approximately 150m from the Bluebell Luas Red Line Stop providing rapid access to the city centre. It is located adjacent to Lansdowne Gate apartment scheme and Lansdowne Valley Park. This location benefits from its proximity to the centre and also the M50 Motorway providing good access to all parts of the City.