sign in sign up
<<
Home , Inchicore

Residential Development Opportunity

Approximately 0.44 Hectare/ 1.1 acres. Infill opportunity in a mature residential location in the south city centre. Overview

Z1

Approximately Zoned Z1 - To Initial feasibility South Dublin Lack of local new 0.44ha protect, provide and study from Canal location. homes supply. (1.1 acres). improve residential BKD Architects amenities. showing 15 houses or 28 apartments.

Strong demand for Adjacent to central Well served by within Approx. 1.5km to both purchase and business district. routes 17, walking distance. Stephens Green, rental on residential 27, 56a, 68, 68a, 77a, 1.8km to Wellington stock. 122, 150 & 151. Quay and 3km to Dock.

Docklands

Aviva Stadium

Ranelagh

St. Stephen’s Green Coombe Hospital Portobello Cathal Brugha Barracks

Griffith College STAMULLEN

M1

BALBRIGGAN

NAUL

SKERRIES

M2 GARRISTOWN M1

RUSH LUSK OLD TOWN

ASHBOURNE

RATOTH BLAKES Harolds Cross CROSS M1 Positioned to the North of , just to the south a village feel. There is direct access to the city via of the canal, Harolds Cross is the most central suburb Clanbrassil Street – Nicholas Street, terminating M2 on this southern axis. With a variety of excellent at Christchurch Cathedral and Wood Quay. The eateries, unique shops, an annual village festival, neighbouring suburbs of , and good pubs and a small park Harolds Cross maintains Terenure offer larger supermarket shopping locally.

SWORDS KILBRIDE TYRELLSTOWN

MALAHIDE

M1

N2 DUBLIN M3 AIRPORT

M50

M1

M3 BEAUMONT

TRAIN LINE N1

DRUMCONDRA CLONTARF

N4 PHOENIX LUCANDirections PARK

DUBLIN PORT Heading North M50 DUBLIN towards Dublin CITY CENTRE INCHICORE city centre on Harolds Cross PARK WEST Road. Turn left on to Parnell HAROLD’S BALLSBRIDGE Road. Parnell LUAS RED LINE CROSS KIMMAGE Avenue is the RATHMINES third turn on your left hand side. N7 TERENURE BELFIELD

LUAS GREEN LINE

RATHFARNHAM N11

TALLAGHT DUN LAOGHAIRE

DUNDRUM N7 N81 MARLEY IND. ESTATE PARK

M50 N11 N81

M50 Site

Parnell Avenue is an attractive enclave of two storey terraced red brick homes. The site is located at the southern end of Parnell Avenue. Regular in shape, the site extends to approximately 0.44ha (1.1 acres). Currently the site is occupied by two detached commercial buildings, twelve lock up garages, driveway and car park. The site coverage is approximately 34%. The total gross external area of the properties are approximately 1,875.04sq.m. 20,183 sq.ft.

Area Sq.m. Sq.ft. Three Storey Offices 614 6,609 Warehouse 319 3,434 Subtotal 933 10,043 Single Storey Office / 652.93 7,028 Store 12 lock Up Units 289.11 3,112 Overall Total 1,875.04 20,183

Zoned Z1 “Sustainable Residential Neighbourhoods”, “To protect, provide and improve residential amenities” in the Dublin City Development Plan 2016-2022. Planning and Feasibility

THE STRONG DEMAND FOR RESIDENTIAL ACCOMMODATION IN THE CITY SHOULD MAXIMISE THE POTENTIAL HIGH RETURNS AND PROVIDE AN EXCITING AND SECURE DEVELOPMENT OPPORTUNITY.

The site is Zoned Z1 - To protect, provide and improve residential amenities.

Working within the largely regular site boundaries, BKD Architects have examined the possibility of both houses and apartments on the site. With the current shortage of residential units in close proximity to Dublin City Centre and given the existing neighbouring residential use, BKD have provided for the possibility of 15 houses or 28 apartments as per the schedules.

Houses Apartments (Est. areas) Sq.ft. By Sq.ft. By Count Description Sq.ft. Unit Type Count Description Sq.ft. Unit Type

4 4 Bed End 1,711.46 6,846 5 1 Bed Apt 538 2,691 17 2 Bed Apt 861 14,639 11 4 Bed Terrace 1,711.46 18,826 6 3 Bed Apt 1,076 6,458 15 25,672 28 23,788 Title

The majority of the site is held Freehold. A small parcel (near the Parnell Avenue entrance) is held under Possessory Title with a right of way. An underground wayleave for cables runs along part of the northern section of the site.

ESB will remain in occupation of the site and buildings for a period after the sale. This will be by way of a short term tenancy agreement for 24 months with a rolling tenant’s break every 3 months after month 9. Full vacant possession will be given on expiry of the short term tenancy agreement.

Full details on title, right of way, wayleave and ESB tenancy agreement will be made available by the vendor’s solicitors.

THIS PRESENTS AN UNRIVALLED OPPORTUNITY FOR INVESTORS AND DEVELOPERS TO GAIN EXPOSURE TO THE EXPANDING DUBLIN MARKET, A FORTUITOUS ACQUISITION IN DUBLIN’S PRESENT CLIMATE OF STRONG GROWTH BER DETAILS

Office

BER Number 800166514 988.8kWh/m2/yr

Warehouse and Storage

BER Number 800166522 782.23 kWh/m2/yr

Styne House, Upper Hatch Street, Dublin 2 | T: +353 1 673 1600 | W: jll.ie

Andrew Long Des Lennon Conor O’Gallagher Associate Director Director and Head of Director and Residential Development Land Head of Residential E: [email protected] E: [email protected] E: [email protected] T: +353 (0)1 477 9721 T: +353 (0)1 673 1617 T: +353 (0)1 477 9728 M: +353 (0)86 380 6171 M: +353 (0)86 254 2672 M: +353 (0)86 810 8357

The particulars and information contained in this brochure are issued by JLL on the understanding that all negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser / tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and / or correctness of the particulars and information given. None of JLL, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and / or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser / tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser / lessee shall be liable for any applicable taxes or VAT arising out of the transaction.

PSRA No. 002273 Brochure design by