Developers involved in delivery of housing for the owner-occupier and residential-rental market will be interested in the opportunity presented by the sale of 10.41-hectare (25.72-acre) greenfield site in Ballycullen, Dublin 16.
Located immediately adjacent to several existing residential schemes and within a short distance of the M50 motorway, the site at Stocking Avenue has the capacity for up to 340 own-door homes, according to the feasibility study prepared by MCORM in advance of the sale. The lands are being offered to the market by agent Sherry FitzGerald Commercial at a guide price of €16 million.
While the prospect of developing such a large scheme in south Dublin is likely to attract a number of potential purchasers, its delivery will be dependent on the recently published Draft Sustainable and Compact Settlement Guidelines being adopted as expected.
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Should that be the case, the selling agent said the site could accommodate a mix of own-door residential unit types at a time in which the development of apartments is challenged.
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Commentating on the sale, Brian Carey and Kevin Leonard of Sherry FitzGerald said: “We expect considerable demand for the asset, given its prime location and the opportunity to deliver a residential development of considerable scale, in a proven location.”
