More than €4m is expected for a four-acre (1.62 hectare) site in west Dublin adjacent to the M50 and close to the Liffey Valley Shopping Centre.
Zoned residential, South Dublin County Council has indicated a density of between 15 to 20 units per acre, but nearby schemes have achieved greater than 30 units per acre.
The four acres in Clondalkin, Dublin 22, are part of a 15-acre land bank along the M50 being put on sale by the Ballyfermot United Sports and Social Club. The owners intend to intensify the sporting use on the remaining 11 acres.
The sale by tender is being handled by Bradley Estates of Ranelagh. The company expects that the easily accessed property, which faces the Coldcut and Cloverhill roads, should achieve more than €1m per acre. The agent has provided no formal guide price for the site but its landmark position with good visibility along the M50 and high quality road links should help boost interest in the property.
The site is about a third of a mile away from a 25-acre City Council site also on the market at Cloverhill Road towards Clondalkin village.
The council obtained expressions of interest in the site earlier this month where it has planned private residential units, affordable residential units, commercial and retail space and leisure and recreational facilities.
Future plans for this site include a new rail system and new road links towards the Nangor Road and a proposed new Naas Road at the Cloverhill flyover. Higher densities for the Coldcut site may be achieved, according to the tendering agents. The adjacent Cedar Brook scheme exceeded 30 units per acre and similar locations nearby have also exceeded the densities suggested by planners.
These include the Sheelin McSharry scheme at Bushy Park and adjoining the Ibis hotel located at the Red Cow roundabout. Both of these reached densities in excess of those suggested by planners. The area surrounding the site to the east of the M50 is predominantly low density residential. The CIÉ sports ground provides an adjacent green site just across the Western Parkway while the remaining 11 acres behind the site will remain in use as a sports facility.
