A significant development site in Dublin’s North Docklands has been put on the market for excess €80m, according to Savills Ireland. Brick Yards @ Dublin Docklands extends to approximately 3.24 hectares (8 acres) and occupies a high-profile location on East Wall Road, presenting an exceptional opportunity to acquire a mixed-use development site of unrivalled scale in the Docklands. A feasibility study by MCA Architects has been prepared to demonstrate the site’s potential to accommodate a scheme of 1,051 no. apartments (458 x 1 beds, 489 x 2 beds, and 104 x 3 beds) and approximately 20,780m² of gross commercial accommodation subject to planning permission. The site comprises numerous low-rise industrial buildings, which provides the purchaser with an opportunity to benefit from short-term income whilst seeking planning permission for a development scheme.
John Swarbrigg, Director of Development at Savills Ireland commented: “This is a significant landbank in the North Docklands with clear development potential for a mixed-use scheme. The property provides a purchaser with an opportunity to develop a scheme of unrivalled scale in the Docklands area and to capitalise on an area undergoing significant change. We expect significant interest in this site, due to its location, scale and the potential behind this project.”
The area has become increasingly popular with residents due to its central location with some of the best amenities and facilities the city has to offer on its doorstep while proximity to key city centre landmarks and attractions also enhances the appeal of the subject location for tourists to reside. In terms of Office use, Dublin’s North Dock’s is home to the capital’s IFSC, one of the world’s leading financial services centres. This location is now considered one of Dublin’s premier business addresses.