Dublin resi opportunity on offer

Savills has brought to market a development site in Dublin with planning permission for 419 flats, one house and seven commercial units at a guide price in excess of €32m (£329m). The site, in Cabra near the Dublin Institute of Technology, has planning permission for 93 one-bedroom, 260 two-bedroom and 66 three-bedroom flats. It also provides four retail, café and restaurant units; an office; a community centre; a crèche; and 402 car parking spaces. Savills said feasibility studies undertaken by Henry J Lyons architects indicate that it is possible to increase the density to close to 600 flats.  John Swarbrigg, director on the development land team at Savills Dublin, said: “This is an exceptionally well-located site, close to the LUAS and Dublin City Centre and given the significant scale on offer, it is ideally suited for both the private and rental market upon completion. “There has been strong demand for opportunities of this nature in recent months and we envisage this trend to continue owing to the strong rental market.” To send feedback, e-mail karl.tomusk@egi.co.uk or tweet @ktomusk or @estatesgazette