Savills Ireland has announced the launch of a significant development site for sale in Dublin’s North Docklands for a minimum of €80 mln.
Brick Yards @ Dublin Docklands extends to approximately 3.24 hectares and is situated on East Wall Road, According to Savills, the site could host a significant mixed-use development.
A feasibility study by MCA Architects has been prepared to demonstrate the site’s potential to accommodate a scheme of 1,051 apartments (458 x 1 beds, 489 x 2 beds, and 104 x 3 beds) and approximately 20,780 m2 (223,674 sq ft) of gross commercial accommodation subject to planning permission.
The site comprises numerous low-rise industrial buildings, which provides the purchaser with an opportunity to benefit from short-term income whilst seeking planning permission for a development scheme, Savills said.
John Swarbrigg, director of development at Savills Ireland commented: 'This is a significant landbank in the North Docklands with clear development potential for a mixed-use scheme.
'The property provides a purchaser with an opportunity to develop a scheme of unrivalled scale in the Docklands area and to capitalise on an area undergoing significant change. We expect significant interest in this site, due to its location, scale and the potential behind this project.'
The area has become increasingly popular with residents due to its central location, Savills said, while in terms terms of office use, Dublin’s North Dock’s is home to the capital’s IFSC, a major financial services centre.
Schemes both under development and recently completed in the area including Dublin Landings, North Dock Office scheme, The Point Campus, Spencer Place and Ireland’s tallest office building, The Exo which is due for completion in 2021.
