€2.2m for controversial Carraig Eden site in Greystones

Agar estate agents has been instructed to sell a landmark Greystones property with vacant possession close to the sea and Dart for €2.2 million.

Carraig Eden has been at the centre of recent controversy because its sale, by owners the Irish Assemblies of God, involves closing a centre for vulnerable men who are recovering from drug or alcohol addiction. Despite various on/off negotiations to sell the property to charities working in the sector, the owners are now proceeding to sell the property on the open market.

The 0.83-acre site is zoned town centre in the local development plan, which permits a range of uses from institutional to boutique hotel, B&B, offices, residential and educational. It is triangular in shape, with good frontage to Marine Road, Kimberley Road and Kimberley Lane.

Included in the sale is a substantial two-storey detached and unlisted period property with 21 bedrooms, five apartments, caretaker accommodation, catering facilities, creche, workshop, dining and reception rooms. In all, there is 1,278sq m (13,760sq ft) of space and a related L-shaped bungalow and sports pavilion structure.

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Given the strength of the residential market, it is likely the buildings on site will be levelled for a high-end housing or apartment scheme. Another possibility is that it could be redeveloped as a nursing home.