A 65-acre (26 ha) site situated within the Clonburris Strategic Development Zone (SDZ) in West Dublin has been placed on the market with a guiding price of €27.5 mln.
The sale, which is being handled by Savills, would allow the buyer to build 800-950 residential units and 800 m2 of commercial space on the plot.
In December 2015, the site, along with the neighbouring lands, was designated as a Strategic Development Zone (SDZ) by South Dublin County Council. This SDZ is due to be formally adopted in 2019 and means that if a developer applies for planning permission for a scheme consistent with the principles of the SDZ, they must be granted permission.
'The SDZ designation of these lands will enable fast-track development of much-needed residential accommodation, which makes this opportunity quite unique. The ability to delivery up to 950 units provides an unrivalled opportunity for developers in Dublin,' said Nicky Conneely of selling agents Savills.
The site is located approximately 12km west of Dublin city centre, while Clondalkin/Fonthill train Station is located within a 6 minute walk.
Research from Savills shows that demand for housing in Dublin remains robust. Residential transactions rose by 5.6% in the rolling 12 months to end of September 2018. However, new home sales have risen by over 20% compared, with just 2.8% in the second-hand market.