Agents Savills have brought three residential development sites to the market, one located at Kinsaley Lane in North County Dublin, along with two sites located in Delgany, Co. Wicklow.
The Kinsaley Lane site is located in close proximity to Kinsaley Village, just 4km south of Malahide and benefits from a full grant of planning for a housing scheme. Kinsaley is an already established residential area, which has undergone significant development in recent years, with a mixture of one-off housing as well as medium density housing developments.
The property comes with the benefit of a grant of planning permission for the construction of 32 no. 4-bed detached houses, with each dwelling extending to 1,830 sq ft. Full details are available upon request. The site is located between the Malahide Road and Kinsaley Lane just north of Kinsaley Village. The property is highly accessible, with multiple Dublin Bus routes serving the area, DART and Rail facilities available at Portmarnock and Malahide Stations as well as proximity to the M1, M50 and Dublin Airport. The site is being marketed with a guide price of €4.5m.
John Swarbrigg, Director of Development at Savills, commented:
“Kinsaley Lane offers a unique opportunity to acquire a ready-to-go residential site in a recognised and well-established residential suburb, in an area which has seen a number of very successful residential developments over the past few years. To add to that, and considering the rarity factor in the current market for sites that benefit for a complete housing-led development, we expect to see a good level of interest for this site. ”
The two sites in Delgany, located on Convent Road and at Kindlestown House, have been placed on the market with a guide price of €1.9m and €5.75m respectively, exclusive of VAT (if applicable).
These sales present an attractive residential development opportunity, with two Feasibility Studies available for review by potential bidders, demonstrating an ability to construct 19 residential units on the Convent Road site and 58 residential units on the Kindlestown House site, subject to the necessary planning permission in each case.
Like Kinsaley, Delgany would also be considered by many as an established low density residential location.
Located 27km south of Dublin City Center, 8 km south of Bray and 2 km south of Greystones, this area offers rural living, proximity to all amenities including the Wicklow national parks and coastal activities found in Greystones and Bray while being within an hour of Dublin’s employment centers of Dublin City Centre, Sandyford, Central Park and Cherrywood.
The sites fall under the Greystones, Delgany & Kilcoole Local Area Plan 2013 – 2019 (still in affect) and is zoned Existing Residential (RE): ‘To protect, provide for and improve residential amenities of adjoining properties and areas while allowing for infill residential development that reflects the established character of the area in which it is located.’
John Swarbrigg further commented:
“The sale of the Delgany sites presents a blank canvas for any purchaser, allowing them to put their own stamp on any future development. The zoning, affluent location and accessibility to public transport and coastal living presents an opportunity to provide housing in a strategic location supported by a strong demand the immediate area.”