Last Waterfront Development Site in Dublin Docklands Guiding €35m - Construction Network Ireland - Construction Network Ireland

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Published in Commercial Property on 21/04/2021

Last Waterfront Development Site in Dublin Docklands Guiding €35m

CNI Editor reports

6 City Quay, the last remaining waterfront development site in Dublin’s docklands has been placed on the market with a guide price of €35m. The sale is being handled by property advisor, Savills Ireland on behalf of Ken Tyrrell (Receiver) of PWC.

The property extends to approximately 0.22 hectares (0.55 acres) and is zoned Z5 in the current Dublin City Development Plan (2016-2022), which permits a broad range of use and Savills believe the building could be suited to an office, residential or hotel development, or indeed a mix of these use types.

The site is located on the southern side of Talbot Memorial Bridge – one of the key gateway links between the north and south of Dublin city centre. A feasibility study prepared by RKD Architects illustrates the potential of the site to accommodate a 145,000 sq ft (net) office development, subject to planning permission. Further details are available from the sole selling agents.

John Swarbrigg, Director of Development & Consultancy from Savills Ireland commented“This is the very last opportunity to acquire a much sought-after waterfront site in Dublin’s docklands – both north and south – and arguably the most prominent and noteworthy, due to its ideal location between Dublin’s historic core to the west and financial services and business district to the east. I have no doubt that demand will be strong from various local and international developers looking to establish or extend their presence in this location – this is the last chance.”

City Quay is ideally positioned at the junctions of George’s Quay,  Moss Street and Talbot Memorial Bridge, within Dublin’s Central  Business District. There are several Dublin Bus routes which run directly along the Quays with Busáras, Dublin’s central bus station, just 350m away. The LUAS (light rail) Red Line is accessible at Busáras  while the LUAS Green Line stop at  Trinity is 600m to the South.

The area is also strategically positioned to benefit from the planned Metrolink which will service Tara Street Station. The public consultation phase is currently live, and the completed works are due in 2027.