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Exceptional Large-Scale Development Opportunity GRIFFITHAVENUE Drumcondra, Dublin 9 Approx. 3.88 ha (9.60 acre) For Sale BER Exempt
Exceptional Large-Scale Development Opportunity
GRIFFITHAVENUEDrumcondra, Dublin 9
Approx. 3.88 ha (9.60 acre)
For Sale
BER Exempt
Home Farm Road
Griffith AvenueCorpus Christi Church
DCU St. Patrick’s
Na Fianna GAA Club
Skylon Hotel
Croke Park
Aviva StadiumDublin Port
Home Farm Football Club
Elmhurst Cottage Farm
Swords Road
ASSET SUMMARY• Superb large-scale landholding of approx. 3.88 ha (9.60 acre).
• Located in the popular suburb of Drumcondra, approx. 4.2 km north of Dublin city centre.
• Highly accessible location, approx. 3.7 km south of the M50 motorway.
• Considerable road frontage of approx. 150m on to Griffith Avenue along the southern boundary.
• Well positioned to benefit from the proposed MetroLink route, just 700m away.
• Feasibility study prepared displaying potential for a 593 unit residential scheme incorporating a mixture of Build to Rent and Build to Sell apartments.
Griffith Avenue • Drumcondra • Dublin 9 Exceptional Large-Scale Development Opportunity
There is an abundance of amenities in the immediate area with retailers such as Lidl and Tesco satisfying convenience requirements, schools such as St. Aidan’s, Glasnevin Educate Together and St. Patrick’s serving educational requirements as well as some of north Dublin’s most renowned restaurants and public houses close by.
Both public and private transport links in the area are strong. The lands are located on Griffith Avenue, a strategically positioned arterial route running from Glasnevin to the west as far as Marino to the east and ultimately connecting with the Malahide Road. Griffith Avenue shares a junction with Swords Road, connecting the area to the M1 motorway and M50 motorway to the north.
Public transport links are predominantly serviced by Dublin Bus at present, with numerous routes providing access to Dublin city centre, Dublin Airport and many other north Dublin suburbs. These bus routes are due to be further strengthened through the introduction of the BusConnects project. The new A Spine is due to run along Swords Road while the E Spine will service St. Mobhi Road.
Rail links are provided for at Drumcondra Train Station, an approximate five-minute drive south of the lands. It is proposed that rail connections north and south of Drumcondra will be improved upon through the delivery of the MetroLink light rail project. This project is due to finish by 2027 with the route expected to run along St. Mobhi Road to the west. The nearest proposed stop is due to be located just 700m west of the subject lands at Na Fianna GAA Club.
Griffith Avenue
M1 Motorway
Albert College Park
Dublin City University
Dublin Airport
Omni Park Shopping Centre Beaumont Hospital
Griffith Avenue • Drumcondra • Dublin 9 Exceptional Large-Scale Development Opportunity
DRUMCONDRADrumcondra is an affluent and sought-after location situated approx. 4.2 km north of Dublin city centre and approx. 3.7 km south of the M50 motorway. Drumcondra is a predominantly residential location and is recognised as one of North Dublin’s best located suburbs.
Drumcondra is perched neatly between urban and sub-urban Dublin. The site is excellently positioned in close proximity to Dublin city centre to the south and Dublin Airport to the north. The area is most recognised as being the home to Dublin City University (DCU), one of Dublin’s premier universities.
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2
23
3
44a
N4N4
N7
N7
N3
N3
N2N1
N32
N1
N2
N2
N11
N11
N31
N31
N11
N81
N81
N81
N7
17
16
15
1413
12
11
10
9
1
7
6
5
4
2
1
2
5
3
M1
M50
M50
M50
M50
M50
M11
2
4
4
5
5
7
6
M50
M3
M2
M4
M7
DUBLINAIRPORTDUBLIN
AIRPORT
DUBLINDUBLIN
BallsbridgeBallsbridge
LoughlinstownLoughlinstownStepasideStepaside
GlencullenGlencullen
KilmolinKilmolinEnniskerryEnniskerry
Old ConnaOld Conna
RockbrookRockbrook
DundrumDundrum
ChurchtownChurchtown
StillorganStillorgan
ClonskeaghClonskeagh
BlackrockBlackrock
MilltownMilltownTerenureTerenure
TempleogueTempleogue
FoxrockFoxrockLeopardstownLeopardstown
CarrickminesCarrickmines
RanelaghRanelagh
DonnybrookDonnybrook
CrumlinCrumlin
DrumcondraDrumcondra
ChapelizodChapelizod
DocklandsDocklands
Port TunnelPort Tunnel
BeaumontBeaumont
CoolockCoolockSantrySantryFinglasFinglas
CastleknockCastleknock
LucanLucan
BallyfermotBallyfermot
WalkinstownWalkinstown
ClondalkinClondalkin
BelgardBelgard
TallaghtTallaght
ClontarfClontarf
HowthHowthSuttonSutton
SwordsSwords
DunboyneDunboyne
KilcloonKilcloon
StraffanStraffan
CastledillonCastledillon
Adamstown Adamstown
Moyglare HallMoyglare HallOngarOngar
MulhuddartMulhuddartCloneeClonee
BlanchardstownBlanchardstownMaynoothMaynooth
RathcoffeyRathcoffey
FanaghFanagh
The GreenhillThe Greenhill
StaplestownStaplestown
The CottThe Cott
CarraghCarragh
NaasNaas
MullacashMullacash
BlessingtonBlessington
ManorKilbrideManor
Kilbride
BallinageeBallinagee
ArdcloughArdcloughClaneClane
ArdrumsArdrums
National Botanic Gardens
Croke Park
PEARSE STREET
BEACH RD
STRA
ND
RD
V ICTORIA QUAY
WELLINGTON QUAYCIT Y QUAY
NORTHUMBERLAND ROAD
GRAND CANAL ST LOWER
NU T GROVE RD
BA
LLYM
UN
RO
AD
ST M
OBHI R
D
PHIB
SBO
RO
UG
H R
D
GRIFFITH AVE
GRIFFITH AVEFINGLAS RD
FINGLAS RD
OLD CABRA ROAD
NAVAN ROAD
NAVAN ROAD
CHAPELIZOD BYPASS
CHAPELIZOD BYPASS
DR
UM
CON
DR
A RO
AD
DORS
ET S
TREE
T
GRIFFITH AVE
MAL
AHID
E ROAD
PROPOSEDMETROLINK ROUTE
CABRALUAS STOP
PHIBSBOROUGHLUAS STOP
BROOMBRIDGERAIL STATION
PROPOSEDMETRO STATION
PROPOSEDMETRO STATION
R131
R131
R135
R103
R103R102
R102
N1
N1
N1
N1
R102
R147
R806
R806
R109
R109
R112
R805
R805
M50
M50
M50
M50
M50
N3
R108
DUBLINDUBLIN
PHOENIX PARK
TOLKA VALLEY PARK
JOHNSTOWNPARK
NATIONALBOTANICALBARDENS
FINGLAS
GLASNEVIN
COU RTLANDS
DRUMCONDRAPhibsborough
Grangegorman
STONEYBATTER
CABRA
CHAPLEIZOD
FARMLEIGHWOODS
PALMERSTOWN
CASTLEKNOCK
WATERVILLE
MARINO
FAIRVIEW
ASHTOWN
WHITEHALL
BEAUMONT
BALLYMUN
SANTRY
RIVERSTONABBEY
CONNOLLY HOSPITALBLANCHARDSTOWN
BEAUMONTHOSPITAL
CONNOLLYTRAIN STATION
HEUSTONTRAIN STATION
DRUMCONDRATRAIN STATION
Block I
Block G
G R I F F I T H A V E N U E
Block A
Block B
Block C
Block D
Block E
Block F
Block H
ASSET DESCRIPTIONThe property comprises a greenfield development site extending to approximately 3.88 ha (9.60 acre). The lands are bound by Griffith Avenue with the benefit of considerable road frontage of approximately 150m. The lands are generally of a flat topography with defined boundaries to the north, south, east and west.
The immediate area is predominantly made up of low-rise residential housing to the south, east and west, while a considerable agricultural landholding is positioned just north of the lands. The site represents a viable residential development opportunity, with the potential to deliver a mix of unit types, subject to planning permission, to meet the strong demand for new homes in the area.
TOWN PLANNINGPlanning policy for the property is contained within the Dublin City Development Plan 2016 – 2022. Under the Development Plan, the lands are zoned ‘Z12 - Institutional Land’. The objective of this zoning is “to ensure that existing environmental amenities are protected in the predominantly residential future use of these lands”.
DEVELOPMENT POTENTIALThis asset provides an excellent opportunity to construct a large-scale residential development in a highly accessible and sought-after suburban location. The site does not have planning permission but the property data room contains a planning report and feasibility study illustrating potential capacity for approx. 593 residential units. An overview schedule is outlined below with further detail available in the data room.
ACCOMMODATION SCHEDULEBlock Gross Floor Area
(Sq M)No. of Storeys TOTAL (units)
Build to RentTOTAL (units) Build to Sell
A 5,855 5 Storeys 60 Units -
B 8,140 5 Storeys 80 Units -
C 5,229 7 Storeys 56 Units -
D 9,024 8 Storeys 88 Units -
E 5,976 8 Storeys 64 Units -
F 5,735(2,000 Sq M Commercial
at Ground Floor)
6 Storeys 40 Units -
G 7,026 6 Storeys - 72 Units
H 5,229 7 Storeys - 56 Units
I 7,896 7 Storeys - 77 Units
TOTAL 60,110 - 388 Units 205 Units
Griffith Avenue • Drumcondra • Dublin 9 Exceptional Large-Scale Development Opportunity
SITE PLAN - FEASIBILITY STUDY
Griffith Avenue • Drumcondra • Dublin 9
TITLEThe property is held under freehold title.
METHOD OF SALEFor Sale by Private Treaty. Full details on the bid process are available in the property data room.
SERVICESWe understand all public services are available to the property.
VIEWINGBy appointment with the sole agents.
BER Exempt.
WEBSITE & DATA ROOMwww.GriffithAvenue.com
CONTACTCushman & Wakefield164 Shelbourne RoadBallsbridgeDublin 4
Tel: +353 (1) 639 9300Licence No: 002222
www.cushmanwakefield.ie
John DoneganEmail: [email protected] Tel: +353 (1) 639 9222
Kevin LeonardEmail: [email protected] Tel: + 353 (1) 639 9219
SOLICITORRonan Daly JermynThe ExchangeGeorge’s DockIFSCDublin 1
www.rdj.ie
Simon LynchEmail: [email protected]: +353 (1) 605 4200
Cushman & Wakefield LLP on its own behalf and for vendors or lessors of this property, whose agent it is, gives notice that: (1) The particulars are produced in good faith, but are a general guide only and do not constitute any part of a contract. (2) No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatsoever in relation to this property. (3) The property is offered subject to contract and unless otherwise stated all rents are quoted exclusive of VAT. (4) Nothing in these particulars should be deemed a statement that the property is in good condition, or that any services or facilities are in working order. (5) Unless otherwise stated, no investigations have been made regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. Publication Date: November 2019. Designed and produced by Creativeworld. Tel +353 1 447 0553
