One of Dublin’s most sought-after development sites is on the market for excess €25m

30 May 2018

A substantial waterfront site is on the market this week with Savills appointed as sole selling agents by Joint Receivers Michael McAteer & Paul McCann. Referred to as ‘Project Pier’, offers are being sought in excess of €25 million. This unique offering, which overlooks Howth harbour, has two substantial planning permissions, providing a purchaser with an opportunity to implement either permission.

The first permission permits 229 no. apartments and 2,996 sq. m (32,246 sq.ft.) of commercial accommodation. This permission was recently extended and is valid until March 2023, while the second permission permits 178 no. residential units (127 apartments and 51 houses), together with 2,756 sq. m (29,663 sq.ft.) of commercial accommodation, a permission that was granted in June 2016.

The property extends to approximately 6.61 acres and is located between Howth Road (R105) and Claremont Strand, benefiting from panoramic sea views across the Dublin coastline.

A detailed feasibility study is also available, which demonstrates the potential to accommodate approximately 340 no. apartments in line with the new planning guidelines for apartments, subject to the necessary planning permission.

This site also benefits from excellent public transport links, with Howth Train Station located adjacent to the property, offering regular DART services to and from the City. In addition, there are numerous Dublin Bus routes serving the property. Accessibility is further enhanced with the M1, M50 and Dublin Airport all located within a 15-minute drive.

This property is also located just 250m from Howth’s popular West Pier, which is renowned for its range of restaurants and cafes, and which is an area that is generally a hive of activity at weekends and during the summer months. Ample sporting and leisure opportunities are available locally including some of Dublin’s most prestigious golf courses, boating, fishing and water sports.

John Swarbrigg of Savills comments:

“As agents, we can sometimes be a little loose when referring to a particular property as ‘prime’; however, in this instance, it’s certainly not the case. This site really does represent a trophy opportunity and offers a purchaser a platform to deliver something truly special in what is one of Dublin’s more affluent suburban addresses.”

 
 

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