€2.8m for D12 sites zoned residential

A

convent on a sizeable site in the Dublin suburbs is on the market as the Sisters of Charity of St Paul the Apostle plan to dispose of their eight-acre land holding at Greenhills in Walkinstown, Dublin 12.

CBRE is quoting €2.8 million for the circa 1980s convent buildings and two sites – one of 4.55 acres and another of 3.5 acres – both of which are zoned Objective 'A' under the South Dublin County Council Development Plan 2010-2016, which is "to protect and provide and/or improve residential amenity".

A site this size with residential zoning in an established neighbourhood which also has easy access to the M50 should interest cash-rich developers keen to get a piece of the revitalised Dublin housing market which is suffering a severe lack of supply. While no formal study has been undertaken to suggest how many housing units the eight acres might accommodate, Wesley Rothwell of CBRE says the lands could be developed at a density of 12 units per acre. With three-beds in the area currently selling for €350,000-€375,000 that would give any residential scheme an end value of €33.6 million.

The 4.55-acre site, also available separately for €1.575 million, is adjacent to St Paul’s Secondary School on Limekiln Lane off St Peter’s Road. It accommodates the convent which is made up of a detached building that is a part single storey/part two-storey residential convent and chapel. Internally there are 17 bedrooms, reception rooms, kitchen, laundry room, pantry, offices, bathrooms, toilets and storage – none of which is listed for preservation.

The site has gated access from St Joseph’s Road/Limekiln Lane.

The 3.5-acre site, also available separately for €1.225 million, is accessed through Temple Manor Way off Limekiln Road. It adjoins St Paul’s Secondary School and a residential development.

Greenhills is close to Templeogue, Walkinstown, Kimmage, Tallaght, Terenure and Crumlin. Amenities nearby include the Ashleaf Shopping Centre, which is anchored by Dunnes Stores, and several primary and secondary schools in the locality plus IT Tallaght.

The Sisters of Charity of St Paul the Apostle decided to sell following a review of their ongoing needs in Ireland and abroad. Following this review, and given the order’s ageing population, it was decided that the convent and lands were more than is needed and the sisters are now looking to secure more appropriate accommodation elsewhere in the locality.

It is intended that any money raised through the sale of these properties will be used to support the continued delivery of the congregation’s mission in Ireland and abroad.