An interesting redevelopment opportunity will arise shortly near the centre of Rathmines, Dublin 6, when Druker Fanning and Partners sell a freehold commercial premises at Park Hill. A wholesale electrical business operates out of a two-storey building which has 6,780 sq ft of floor space. The selling agents are quoting a guideline price of £900,000 (€1.14m) for the property which goes to auction on May 30th. The zoning will allow the site to be used for education or medical purposes, car sales, restaurant or offices.
In Clontarf, a redevelopment site of 0.67 of an acre on Vernon Avenue is expected to make around £1.2 million (€1.52m) when it goes to auction on May 30th. Joint agents Hamilton Osborne King and DTZ Sherry FitzGerald suggest the site could accommodate up to 20 apartments, subject to planning permission.
In Dundrum, Gunne is quoting a guide pride of £1.4 million (€1.78m) for a site of 0.44 of an acre with planning permission for 18 apartments at Creevagh, Dundrum Road, Dublin 14. It goes to auction on May 17th.
