Redevelopment Land: A prime freehold development site at Blanchardstown Business and Technology Park is for sale by public tender on November 1st through joint agents William Harvey & Co and Hamilton Osborne King for €19 million.

The property is located in a prominent position close to the entrance of Blanchardstown Business & Technology Park, Snugborough Road, Dublin 15. The area is 1km north-east of the N3 and is convenient to the M50, M2, Dublin Airport and the Port Tunnel.

The park comprises a series of low density high quality corporate facilities. The site includes an existing warehouse and office facility extending to about 10,030sq m (107,962sq ft), including 3,554sq m (38,255sq ft) of offices. There are two letting agreements in place, one of them short term, producing an annual rent of €636,754.

The building has an eaves height of seven-to-15 metres and multiple dock level and standard ground level loading access.

Although the site is located in an IDA-managed park, the title is freehold and therefore the restrictive clauses contained in ground leases in IDA parks do not apply to the subject site.

The site is zoned objective "ST" science and technology in the Fingal County Council Development Plan 2005 - 2011. Due to the parkland setting and the broad nature of the zoning, the future development on this site may include higher value uses other than industrial, such as own door offices (subject to planning).

Uses permitted in principle under the "ST" zoning include offices, office-based industry, science and technology-based enterprise, shop and restaurant/café (to service the local working population only), cash and carry/wholesale outlet, childcare facility, enterprise/training centre, light industry and logistics.

The agents suggest the site is likely to attract developers, investors and owner-occupiers with future expansion plans.