Former Europa Motors site sells for nearly €3m above guide

The 1.25-acre corner site in Blackrock, Co Dublin attracted seven bidders. Part of the zoning objective is to ‘improve residential amenity’

The former Europa Motors in Blackrock, Co Dublin

The former Europa Motors in Blackrock, Co Dublin

 

Another illustration of the buoyant market for infill residential sites in south Dublin has emerged with the sale of the former Europa Motors in Blackrock, Co Dublin, for a figure well above the guide price.

Agents Lambert Smith Hampton had been seeking offers in excess of €4.8 million for the site. But with seven parties chasing it, it was sold to the highest bidder at €7.5 million.

The new owner is expected to seek planning permission for a development of houses and apartments.

The corner site extends to 0.50 of a hectare (1.25 acres) on Newtown Avenue at its intersection with Seapoint Avenue. It is within 0.87km of Blackrock town centre and 6.4km from Dublin city centre.

The site includes 2,016sq m (21,647sq ft) of former tram sheds, which were converted into car showrooms and workshops.

Planning permission

Rathdown County Council

The zoning objective for the site is “to protect, provide and/or improve residential amenity.”

The site has 120 metres of frontage on to Newtown Avenue, a one-way thoroughfare convenient to public transport links, including the Quality Bus Corridor and the Dart stations at Seapoint and Blackrock.

McNamara Property advised the purchaser.