A 6.6-acre site in Sandymount, Dublin 4 has been placed on the market by Savills with a guide price of €10m.
The property is owned by the YMCA and operates as a gym and sports facility for its members. Savills is marketing the sale as a development opportunity with vacation possession provided for the purchaser. The YMCA will use the proceeds of the sale to develop new Community Hubs and expand its Youthwork programmes in Dublin.
Situated on Claremont Road in Sandymount – one of Dublin’s more affluent suburban addresses – the site extends to 6.6-acres (2.7 Ha) and is accessed from Claremont Road via an internal access road which is shared with the adjoining “The Willows” apartment complex.
The site, which is just 2 minutes from Sandymount Village, also comprises a large surface car park with parking for approximately 40 cars adjoining the YMCA Gym – a modern 2-storey facility constructed in 2001 – and opens out into the large expansive area with playing pitches and all-weather hockey pitches.
Under the Dublin City Council Development Plan 2016-2022, the site is zoned both Z1 Residential and Z9 Open Space. According to Savills, this offers a variety of options from a development point of view, most notably an exclusive residential housing or apartment development, or a combination of both – subject to the necessary planning permission. In addition, a commercial leisure or educational use could also be provided for – subject to the necessary planning permission.
Andrew Sherry, Divisional Director at Savills Ireland comments:
“This is one of the finest opportunities to be offered for sale in Sandymount in recent years and provides a unique opportunity to acquire a superb site and commercial buildings in one of the most desired residential locations in Dublin.”
A spokesperson for YMCA comments:
“The YMCA Intends to use the proceeds of sale to develop new Community Hubs and expand our Youthwork programmes as per our strategic plan. These Hubs will be based across Dublin and be deliberate planned spaces that will help us to have a transformative impact on young lives in their communities. Community Hubs are spaces where we can combine programming for young people with complimentary social enterprise activities to ensure their sustainability.”