A site with planning permission for 419 apartments, 1 house and 7 commercial/community units in Dublin 7 has been brought to the market by Savills with a guide price of excess €32m. The site is well located in Cabra, a popular and maturing residential area approximately 3 km north-west of Dublin City Centre, 1 km north-east of Phoenix Park and 800 m from Dublin Institute of Technology (DIT) Grangegorman Campus. It benefits from being 600m from the LUAS Green Line Cabra station. This provides rapid access to the City Centre, the Docklands, Sandyford, Cherrywood, Dundrum and Tallaght etc. Furthermore, access to the city centre can be provided by many Dublin Bus routes within close proximity.
The scheme provides a neighbourhood centre comprising of 4 number retail/café/restaurant units including a convenience supermarket with ancillary off-licence, an office, a community centre, a creche, 402 number car parking spaces and 484 number bicycle parking spaces.
A number of feasibility studies have been undertaken by Henry J Lyons Architects taking into account the New Apartment Guidelines announced earlier this year and the emerging national planning strategies regarding building heights. These studies indicate that it is feasible to increase density to close to 600 apartments.
John Swarbrigg of Savills comments: “This is an exceptionally well-located site, close to the LUAS and Dublin City Centre and given the significant scale on offer, it is ideally suited for both the private and rental market upon completion. There has been strong demand for opportunities of this nature in recent months and we envisage this trend to continue due to the strong rental market.”
