Developers and investors targeting the upper end of the owner-occupier and private rented sector (PRS) markets will be interested in the sale of a prime residential site at Foxrock in south Dublin.
Located at the junction of Kill Lane and the Bray Road (N11) and immediately across the road from the landmark Church of Our Lady of Perpetual Succour, the subject site extends to 0.358 acres (0.885 hectares) and comes for sale at a guide price of €4.5 million with full planning permission for the development of 45 apartments and 41 car parking spaces.
The site currently comprises two former residential properties (Clara House and Montrose) and, according to Gareth Noone of DNG’s advisory division, offers an “exceptional opportunity to develop a high-quality residential development in a highly accessible location”.
The approved scheme (planning references D19A/0006 and ABP PL06D.304979) allows for a total of 45 units comprising a mix of one-, two- and three-bed apartments and 41 car parking spaces.
The site is located close to the villages of Foxrock, Deansgrange, Cornelscourt and Cabinteely and their respective amenities which include schools, shops, restaurants, pubs and medical facilities.
The proposed scheme is also situated within close proximity to numerous centres of employment including the Sandyford Business District (SBD) and Cherrywood. Major employers with operations nearby include Microsoft Ireland, Facebook, Google, Vodafone Ireland, Mastercard, Bank of America and Merrill Lynch.
In terms of its accessibility, the subject property has frontage onto the N11 and is served on a regular basis by Dublin Bus routes 46a, 75, 75a, 84x 143, 144, 155 and 702. The Luas green line is accessible at Sandyford which is 2.7km from the site, while the Aircoach connection to Dublin Airport passes directly outside. O’Connell Street in Dublin city centre is 11.8km via the N11 by car or public transport.