Two high profile sites located in prime residential locations in Dublin have been brought to the market for auction on Tuesday 6th November in the Conrad Hotel by commercial property and real estate consultancy Lambert Smith Hampton.
Both properties are currently owned by the Office of Public Works (OPW).
The former Model School on Church Avenue in Glasnevin, Dublin 9, adjoins Bons Secours Hospital and is adjacent to the headquarters of Met Eireann. The 325 sq m property is situated on a 1,600 sq m site.
Zoned Z1 under the Dublin City Development Plan 2016-2022 – to protect, provide and improve residential amenities – it offers a significant opportunity for residential redevelopment with a secured rental income also provided by the existing property. The AMV (Advised Minimum Value) of this property is €825,000.
A 34 space car park at Herbert Lane on Dublin 2 is also on the market as a prime freehold development site, with an exceptional location which overlooks Grand Canal and Baggot Street Bridge. The total site area is 880 sq m and it is Zoned Z8 – to protect the existing architectural and civic design character, to allow only for limited expansion consistent with the conservation objective. The AMV (Advised Minimum Value) of this property is €2.64m.
Both properties will be for sale by public auction on Tuesday 6th November 2018 at 2.30pm in The Conrad Hotel, Earlsfort Terrace, Dublin 2.
Nigel Kingston, director of agency at Lambert Smith Hampton, said:
“We are delighted to work with the OPW on the sale of these two properties which will likely attract significant interest from both local and international investors alike. The growing demand for residential property in Dublin has been well documented and both assets represent ideal development opportunities.
“Properties of this nature located in prime locations in the city rarely come to the market and we would recommend that interested parties get in touch with our team as soon as possible.”
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