RedevelopmentSite: An exceptional residential and retail site in Rathmines is for sale by tender through joint selling agents GVA Donal O Buachalla and CBRE.

It is likely to make region €10 million.

Formerly the Renault garage on Lower Rathmines Road, this is a read-to-go development opportunity comprising the former garage at numbers 127, 129 and 131, and the rear of number 133, making 0.24 acres in total.

The site has planning permission for a mixed-use scheme. Granted last month, it incorporates 890sq m (9,579sq ft) of ground floor retail space, 23 apartments in two blocks, which overlook a central landscaped deck, and 28 basement car-parking spaces.

The site is zoned "Z4", to provide for and improve mixed service facilities in the Dublin city development plan. This opens up other opportunities, including hotel, pub, district shop or offices.

Lower Rathmines Road is a proven location for development opportunities, something that will push the price for the site.

"The apartments will be readily marketable to owner-occupiers and investors, and we also anticipate strong demand for the ground floor space, where the large floor space will readily accommodate the requirements of convenience retailers and food stores," say the joint selling agents GVA Donal O Buachalla and CBRE.

The property is within easy reach of the St Stephen's Green/Grafton Street area.

The site's current use as a car showroom and garage, incorporating 1,065sq m (11,463sq ft), will establish "a high existing-use value which will assist the purchaser or developers when negotiating compliance with any social and affordable housing requirements", the agents believe.

The property goes to tender on November 30th.