With the much-anticipated opening of the new National Children’s Hospital on the shared campus of St James’s Hospital just one of several factors expected to drive demand for residential rental accommodation in Dublin 8 over the coming years, the sale of a ready-to-go development site on Brookfield Road should see strong interest from developers and investors.
The site, which extends to 0.24 hectares (0.6 acres), has full planning permission for 79 apartments and is being offered for sale by Savills at a guide price of €6.75 million.
The permitted scheme comprises a mix of 14 studios, 48 one-bedroom and 17 two-bedroom apartments. The various unit types extend to an average floor area of 422sq ft, 496sq ft and 830sq ft respectively.
The approved scheme will benefit from 6,795sq ft of residential amenity space. The planning permission also provides for 18 car parking spaces, two motorcycle spaces and 140 bicycle spaces all at lower ground-floor level, while a further 26 bicycle spaces are to be provided at surface level.
The site is well located on Brookfield Road, in the heart of Dublin 8. The area is currently experiencing substantial urban renewal and regeneration with a mixture of student accommodation, residential and commercial uses being delivered.
Transport links
The subject site is located approximately 2.5km west of Dublin city centre and 3km west of St Stephen’s Green. Neighbouring properties include St James’s Hospital and the new Children’s Hospital, which once completed is set to provide approx 1.7 million sq ft of hospital space.
A number of public transport links serve the area including the Luas red line at Rialto, which is just a five-minute walk from the site. The area is also served by several Dublin Bus routes including the 123, 68, 68A, 40 and the 13. Heuston Station is within walking distance of the site, offering future occupiers access to the rest of the country.
John Swarbrigg of Savills says: “We expect to see particularly strong interest in this property, especially considering the recent grant of planning, along with the site’s close proximity to public transport and a number of key employers in the immediate area such as St James’s Hospital and the new Children’s Hospital to name but two.”
