EXCEPTIONAL READY-TO-GO RESIDENTIAL DEVELOPMENT SITE …… · will equate to €73,000 from 1st...
Transcript of EXCEPTIONAL READY-TO-GO RESIDENTIAL DEVELOPMENT SITE …… · will equate to €73,000 from 1st...
FOR SALE
EXCEPTIONAL READY-TO-GO RESIDENTIAL DEVELOPMENT SITE
Mount Merrion | Co. Dublin
0.84 Acre (0.34 Ha) Site with Full Planning Permission for a Luxury Development of 52 Units
Features• PrimeReady-to-GoresidentialdevelopmentsiteinMountMerrion
• 52no.unitsgrantedplanningpermissionbyAnBordPleanálainApril2016
• 0.84acres(0.34ha)of‘NeighbourhoodCentre’zonedland
• Potentialforfurtherplanninggainfromnewhigherdensityguidelines
• Primelocationwithinaveryaffluentandsaferesidentialsuburb
• Widerangeofalternativelandusesincludingretailpossibleatthislocation
• Intheheartofthevillagebesidethepark
• Excellentbus,road&railtransportlinksnearby
• 2kmfromDundrumTownCentreandBlackrock
• SuperbviewsacrossDublinCity,DublinBayandthepark
• Rentalincomeof€73,000pafromshorttermtenants
• Withincatchmentareaforanexceptionallistofnearbyschools
• ShorttermtenantFlanaganKerinsnotaffected
CGIimageofproposedfacade
Thesitecomprisesapproximately0.84acresite(0.34ha),whichisregularinshape,ishalfclearedandhalfcoveredbytheformerStellaCinemaMountMerrionbuildingnowknownasFlanaganKerins.Thisisnotaprotectedstructureandapartfromtheshorttermtenanciesisreadyfordemolitionandimmediateconstruction.Thedesignoftheproposedschemefacilitatesoptimumphasing,allowingforefficientcashflowandriskmanagement.AdjoiningthesitetotheeasternboundaryisUnionCaféBar&Restaurantonwhicha50unitresidentialschemeincludingapavilionbarandrestaurantschemehasbeensubmittedforplanningpermission.
Description
Viewfromsouth&eastfacingapartments
CGIimageofproposedfacade
Thepropertyisbeingsoldwiththebenefitof4shorttermtenancieswhichgenerateasignificantrentalincome.ThecombinedrentfromFlanaganKerinsand3mobilephonemastswillequateto€73,000from1stJanuary2018.Noneofthetenantswillbeaffectedbythesaleandallofthetenancieshavetheappropriatebreakclausesrequiredtoobtainvacantpossessionfortheconstructionwithshortnoticeperiods.Thisattractivefeaturereducesanyholdingcostspriortoconstruction.Theremaybeanopportunitytomaintainthisvaluableincomestreamwithtemporarymastsduringconstruction(subjecttoplanningpermissionandnegotiationwithtelecomscompanies).
Short Notice Tenancies
ThepropertyislocatedintheheartofMountMerrion,oneofthemostdesirableandvibrantsuburbanlocationsinSouthDublin,just2kmtoBlackrock,2.5kmfromDundrumTownCentreand7kmfromDublinCityCentre.MountMerrionisamatureresidentialsuburbwithanabundanceofbeautifulparks,greenspacesandestablishedshoppingoptions.
ThesiteislocatedattheformerStellaCinemaMountMerrionpremisesonDeerparkRoad,whichisnowoperatingasFlanaganKerinsFurniture.ThepropertyisadjacenttotheChurchofSt.Thérèse,MountMerrionCommunityCentreandapopularparadeofshopsincludinganewsagents,chemist,butcherandbarber.
ThenearbyfoodanddrinkofferingsincludethenewUnionCafé,Michael’srestaurant,RocketFoodscaféandTheMerrionTree.
OppositetothissiteisDeerpark;oneofthecentrepieceamenitiesoftheMountMerrionoffering.Itisa32acrepublicparklandownedandmaintainedbyDun-LaoghaireRathdownCountyCouncilwhichisimmenselypopularareawithfamiliesandnaturelovers.Facilitiesincludewalkingpaths,woodlands,sportsfieldsandDeerparkTennisClubwhichhassixfloodlitallweathercourts.Activitiesareorganisedintheparkthroughouttheyear.
Thisdevelopmentalsobenefitsfromit’scloseproximitytotheN11&QBC,Dundrumtowncentre,StillorganVillage,UCDandanabundanceofschoolsinthearea.TheM50isjust3.5kmawayviaSandyfordJunction13.
Thetransportlinksareexcellentatthislocation.DublinBusandAircoachprovidefastandregularservicestoDublinCityCentreandDublinAirport.DublinBushas9busroutesservingthislocationattheN11QualityBusCorridor(7B,7D,47,46A,46E,145,116,118)whichconnectdirectlytoHeuston,PearseandBlackrockRailwayStationswithafrequencyof1bustothecitycentreevery4minutesatpeakhours.TheDARTSuburbanRailnetworkcanbeaccessedatBlackrockstationjust2kmfromthesiteandthe‘LUAS’tramGreenLinewithitsextensiondueinDecember2017canbeaccessedjust2.5kmfromthesiteat‘Dundrum’stationonTaneyRoad.
ThesitefallsintothehighlydesirableparishofMountMerrion&ChurchofSt.ThérèsewhichisfundamentalforschoolchoiceoptionsprovidingaccesstoMountAnvilleNationalschool,ScoilSanTreasaandSt.Laurence’s.OthernearbyschoolsincludeMountAnville,BlackrockCollege,ColaisteEoin,St.Andrews,Oatlands,St.Killians,OurLady’sGrove,St.Benildus,TeresiansandSt.MichaelsCollege.
Location
ActualviewfromthesiteacrossDublinCityandDublinBay
Design Pedigree
ProfessorCathalO’NeillstudiedunderandworkedfortheworldfamousarchitectMies van der RoheinChicago,Illinoiswhichisevidentinhisdesignofthisscheme.Hesubsequentlybecame‘HeadofSchool’forarchitectureatUCDwhichthissiteoverlooks.
Ground Investigation Report
Weunderstandthatpreviousgroundinvestigationswerecarriedoutonthesitein2005whichindicatedthatallsoilsandweatheredrockareexpectedtobemachineremovable,thatwaterwasnotencounteredduringboring,thatapprox.70%ofthematerialisreusableonsiteandthatnomeasurablehydrocarbonswerefound.Acopyofthereportisavailableforinformationpurposesonlyandissuppliedwithoutvendorresponsibility.
Planning PermissionTheschemeforsalewasgrantedplanningpermission(Ref:PL06D.245755)byAnBordPleanalaApril2016foraproposeddevelopmentof48residentialapartments&4offices,upto6storeysinheight.Thegrantedschemealsoincludesancillaryservicesincluding85carspacesallwithelectricchargingpoints,bikeparkingandindividualapartmentstorageunitsinthebasement.TheunitshavebeendesignedtoachieveanA3BuildingEnergyRating(BER).TheoriginalapplicationtoDublinCityCouncilisRef:D15A/0121.Theslopingnatureofthesiteworkstotheadvantageoftheplanningpermissionwiththebasementcarparkbeinghalf-undergroundandhalf-undercroft.
Design
ThedevelopmentschemeisoptimisedforthecurrentmarketbyCathalO’NeillArchitectswhohavedeliveredaninterestingandexcitingschemethatwillhavesuperbappealtothepurchasermarket.Thisisinstantlyapparentastheschemewasdesignedin2015andrecognisesthemarketdemandforlarger,luxuryapartments.Alloftheunitsare‘dualaspect’thereforethenaturallightwillbemaximisedthrougheachapartmentatdifferenttimesoftheday.AllbalconieshavethebestviewsovereitherDublinBay,theCityorDeerpark.Thetwo3bedroompenthouseswillhaveexceptionalviewsandwillbetwoofthefinestpenthousesinDublin.
PlanningDensities
SiteArea FPPUnits Density
Hectares Acres (Units/Hectare) (Units/Acre)
0.34 0.84 52 153 62
Freeholdoutlineofsite(forinformationpurposesonly)
Existing Permission
ThesitehasplanningpermissionforitsexistingretailusewhichwasgrantedbyAnBordPleanala.Itwasnotobtainedthroughanapplicationforretention.
Neighbourhood Centre
ThepropertyiszonedobjectiveNC-“Toprotect,provideandimprovemixeduseneighbourhoodfacilitiesamenities.”underthe2016-2022DunLaoghaireRathdownCityCouncilDevelopmentPlan.Thisincludesresidentialdevelopment.
Permitted In Principle under this zoning
AdvertisementsandAdvertisingStructures,AssistedLivingAccommodation,BettingOffice,Carpark,CommunityFacility,CraftCentre/CraftShop,ChildcareService,CulturalUse,Doctor/Dentistetc.,Education,Embassy,EnterpriseCentre,FuneralHome,GardenCentre/PlantNursery,GuestHouse,HealthCentre/HealthcareFacility,Officeslessthan300sqm,OpenSpace,PetrolStation,PublicHouse,PublicServices,Residential,ResidentialInstitution,Restaurant,ServiceGarage,Shop-Neighbourhood,SportsFacility,TeaRoom/Café,VeterinarySurgeryandTravellerAccomodation.
Open For Consideration under this zoning
CashandCarry/WholesaleOutlet,HomeBasedEconomicActivities,Hotel/Motel,HouseholdFuelDepot,MotorSalesOutlet,Nightclub,Off-License,OfficeBasedIndustry,Officeslessthan600sqm,PlaceofPublicWorship,Shop-Specialist,ShopDistrict.
ScheduleOfAccommodationForConsentedScheme
Layout Apartments Commercial
Beds 1Bed 2Bed 3Bed 3BedPenthouse Office
Sqm 61.2 86.3 110.3 148.7 70.6
Sqft 659 930 1188 1600 760
No.Units 10 27 9 2 4
Total 48 4
Land Use Zoning
Freeholdoutlineofsite(forinformationpurposesonly)Freeholdoutlineofsite(forinformationpurposesonly)
Floor Plans
Fullsetofdrawingsavailableonrequest.
Elevations
Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation nor for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant. 4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA Licence: 001848.
St. Stephen’s Green House,
Earlsfort Terrace, Dublin 2,
D02 PH42.
Tel: +353 1 638 2700
These particulars are for guidance only and do not form part of any contract. All statements contained in these particulars as to the property are made without responsibility on the part of the agents or the vendor and none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. Any intending purchasers shall satisfy themselves by inspection or otherwise as to the correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation, nor for the rescission of the contract by either the vendor or the purchaser. They are issued on the understanding that all negotiations will be conducted through this firm. Lisney PSRA: 001848.
Title ThemaindevelopmentsiteisFreehold
Theancillarypartofsidelaneislongleasehold.
Price Onapplication.
Solicitors EugeneF.Collins,
TempleChambers,3BurlingtonRoad,Dublin4.
Tel:+35312026400,
Email:[email protected]
Ref:MarkWalshorJustineTerritt
Data Room Accesstodataroomavailableonrequest.
Design Team Architects-CathalO’Neill&AssociatesLtd.
Planners-ManahanPlanners
Engineers-RyanAssociates
BERDesignedtoachieveanA3BuildingEnergyRating(BER).
Further informationJP Flynn
01-6382726 [email protected]
Ross Shorten
01-6382745 [email protected]