FOR SALE

EXCEPTIONAL READY-TO-GO RESIDENTIAL DEVELOPMENT SITE

Mount Merrion | Co. Dublin

0.84 Acre (0.34 Ha) Site with Full Planning Permission for a Luxury Development of 52 Units

Features• PrimeReady-to-GoresidentialdevelopmentsiteinMountMerrion

• 52no.unitsgrantedplanningpermissionbyAnBordPleanálainApril2016

• 0.84acres(0.34ha)of‘NeighbourhoodCentre’zonedland

• Potentialforfurtherplanninggainfromnewhigherdensityguidelines

• Primelocationwithinaveryaffluentandsaferesidentialsuburb

• Widerangeofalternativelandusesincludingretailpossibleatthislocation

• Intheheartofthevillagebesidethepark

• Excellentbus,road&railtransportlinksnearby

• 2kmfromDundrumTownCentreandBlackrock

• SuperbviewsacrossDublinCity,DublinBayandthepark

• Rentalincomeof€73,000pafromshorttermtenants

• Withincatchmentareaforanexceptionallistofnearbyschools

• ShorttermtenantFlanaganKerinsnotaffected

CGIimageofproposedfacade

Thesitecomprisesapproximately0.84acresite(0.34ha),whichisregularinshape,ishalfclearedandhalfcoveredbytheformerStellaCinemaMountMerrionbuildingnowknownasFlanaganKerins.Thisisnotaprotectedstructureandapartfromtheshorttermtenanciesisreadyfordemolitionandimmediateconstruction.Thedesignoftheproposedschemefacilitatesoptimumphasing,allowingforefficientcashflowandriskmanagement.AdjoiningthesitetotheeasternboundaryisUnionCaféBar&Restaurantonwhicha50unitresidentialschemeincludingapavilionbarandrestaurantschemehasbeensubmittedforplanningpermission.

Description

Viewfromsouth&eastfacingapartments

CGIimageofproposedfacade

Thepropertyisbeingsoldwiththebenefitof4shorttermtenancieswhichgenerateasignificantrentalincome.ThecombinedrentfromFlanaganKerinsand3mobilephonemastswillequateto€73,000from1stJanuary2018.Noneofthetenantswillbeaffectedbythesaleandallofthetenancieshavetheappropriatebreakclausesrequiredtoobtainvacantpossessionfortheconstructionwithshortnoticeperiods.Thisattractivefeaturereducesanyholdingcostspriortoconstruction.Theremaybeanopportunitytomaintainthisvaluableincomestreamwithtemporarymastsduringconstruction(subjecttoplanningpermissionandnegotiationwithtelecomscompanies).

Short Notice Tenancies

ThepropertyislocatedintheheartofMountMerrion,oneofthemostdesirableandvibrantsuburbanlocationsinSouthDublin,just2kmtoBlackrock,2.5kmfromDundrumTownCentreand7kmfromDublinCityCentre.MountMerrionisamatureresidentialsuburbwithanabundanceofbeautifulparks,greenspacesandestablishedshoppingoptions.

ThesiteislocatedattheformerStellaCinemaMountMerrionpremisesonDeerparkRoad,whichisnowoperatingasFlanaganKerinsFurniture.ThepropertyisadjacenttotheChurchofSt.Thérèse,MountMerrionCommunityCentreandapopularparadeofshopsincludinganewsagents,chemist,butcherandbarber.

ThenearbyfoodanddrinkofferingsincludethenewUnionCafé,Michael’srestaurant,RocketFoodscaféandTheMerrionTree.

OppositetothissiteisDeerpark;oneofthecentrepieceamenitiesoftheMountMerrionoffering.Itisa32acrepublicparklandownedandmaintainedbyDun-LaoghaireRathdownCountyCouncilwhichisimmenselypopularareawithfamiliesandnaturelovers.Facilitiesincludewalkingpaths,woodlands,sportsfieldsandDeerparkTennisClubwhichhassixfloodlitallweathercourts.Activitiesareorganisedintheparkthroughouttheyear.

Thisdevelopmentalsobenefitsfromit’scloseproximitytotheN11&QBC,Dundrumtowncentre,StillorganVillage,UCDandanabundanceofschoolsinthearea.TheM50isjust3.5kmawayviaSandyfordJunction13.

Thetransportlinksareexcellentatthislocation.DublinBusandAircoachprovidefastandregularservicestoDublinCityCentreandDublinAirport.DublinBushas9busroutesservingthislocationattheN11QualityBusCorridor(7B,7D,47,46A,46E,145,116,118)whichconnectdirectlytoHeuston,PearseandBlackrockRailwayStationswithafrequencyof1bustothecitycentreevery4minutesatpeakhours.TheDARTSuburbanRailnetworkcanbeaccessedatBlackrockstationjust2kmfromthesiteandthe‘LUAS’tramGreenLinewithitsextensiondueinDecember2017canbeaccessedjust2.5kmfromthesiteat‘Dundrum’stationonTaneyRoad.

ThesitefallsintothehighlydesirableparishofMountMerrion&ChurchofSt.ThérèsewhichisfundamentalforschoolchoiceoptionsprovidingaccesstoMountAnvilleNationalschool,ScoilSanTreasaandSt.Laurence’s.OthernearbyschoolsincludeMountAnville,BlackrockCollege,ColaisteEoin,St.Andrews,Oatlands,St.Killians,OurLady’sGrove,St.Benildus,TeresiansandSt.MichaelsCollege.

Location

ActualviewfromthesiteacrossDublinCityandDublinBay

Design Pedigree

ProfessorCathalO’NeillstudiedunderandworkedfortheworldfamousarchitectMies van der RoheinChicago,Illinoiswhichisevidentinhisdesignofthisscheme.Hesubsequentlybecame‘HeadofSchool’forarchitectureatUCDwhichthissiteoverlooks.

Ground Investigation Report

Weunderstandthatpreviousgroundinvestigationswerecarriedoutonthesitein2005whichindicatedthatallsoilsandweatheredrockareexpectedtobemachineremovable,thatwaterwasnotencounteredduringboring,thatapprox.70%ofthematerialisreusableonsiteandthatnomeasurablehydrocarbonswerefound.Acopyofthereportisavailableforinformationpurposesonlyandissuppliedwithoutvendorresponsibility.

Planning PermissionTheschemeforsalewasgrantedplanningpermission(Ref:PL06D.245755)byAnBordPleanalaApril2016foraproposeddevelopmentof48residentialapartments&4offices,upto6storeysinheight.Thegrantedschemealsoincludesancillaryservicesincluding85carspacesallwithelectricchargingpoints,bikeparkingandindividualapartmentstorageunitsinthebasement.TheunitshavebeendesignedtoachieveanA3BuildingEnergyRating(BER).TheoriginalapplicationtoDublinCityCouncilisRef:D15A/0121.Theslopingnatureofthesiteworkstotheadvantageoftheplanningpermissionwiththebasementcarparkbeinghalf-undergroundandhalf-undercroft.

Design

ThedevelopmentschemeisoptimisedforthecurrentmarketbyCathalO’NeillArchitectswhohavedeliveredaninterestingandexcitingschemethatwillhavesuperbappealtothepurchasermarket.Thisisinstantlyapparentastheschemewasdesignedin2015andrecognisesthemarketdemandforlarger,luxuryapartments.Alloftheunitsare‘dualaspect’thereforethenaturallightwillbemaximisedthrougheachapartmentatdifferenttimesoftheday.AllbalconieshavethebestviewsovereitherDublinBay,theCityorDeerpark.Thetwo3bedroompenthouseswillhaveexceptionalviewsandwillbetwoofthefinestpenthousesinDublin.

PlanningDensities

SiteArea FPPUnits Density

Hectares Acres (Units/Hectare) (Units/Acre)

0.34 0.84 52 153 62

Freeholdoutlineofsite(forinformationpurposesonly)

Existing Permission

ThesitehasplanningpermissionforitsexistingretailusewhichwasgrantedbyAnBordPleanala.Itwasnotobtainedthroughanapplicationforretention.

Neighbourhood Centre

ThepropertyiszonedobjectiveNC-“Toprotect,provideandimprovemixeduseneighbourhoodfacilitiesamenities.”underthe2016-2022DunLaoghaireRathdownCityCouncilDevelopmentPlan.Thisincludesresidentialdevelopment.

Permitted In Principle under this zoning

AdvertisementsandAdvertisingStructures,AssistedLivingAccommodation,BettingOffice,Carpark,CommunityFacility,CraftCentre/CraftShop,ChildcareService,CulturalUse,Doctor/Dentistetc.,Education,Embassy,EnterpriseCentre,FuneralHome,GardenCentre/PlantNursery,GuestHouse,HealthCentre/HealthcareFacility,Officeslessthan300sqm,OpenSpace,PetrolStation,PublicHouse,PublicServices,Residential,ResidentialInstitution,Restaurant,ServiceGarage,Shop-Neighbourhood,SportsFacility,TeaRoom/Café,VeterinarySurgeryandTravellerAccomodation.

Open For Consideration under this zoning

CashandCarry/WholesaleOutlet,HomeBasedEconomicActivities,Hotel/Motel,HouseholdFuelDepot,MotorSalesOutlet,Nightclub,Off-License,OfficeBasedIndustry,Officeslessthan600sqm,PlaceofPublicWorship,Shop-Specialist,ShopDistrict.

ScheduleOfAccommodationForConsentedScheme

Layout Apartments Commercial

Beds 1Bed 2Bed 3Bed 3BedPenthouse Office

Sqm 61.2 86.3 110.3 148.7 70.6

Sqft 659 930 1188 1600 760

No.Units 10 27 9 2 4

Total 48 4

Land Use Zoning

Freeholdoutlineofsite(forinformationpurposesonly)Freeholdoutlineofsite(forinformationpurposesonly)

Floor Plans

Fullsetofdrawingsavailableonrequest.

Elevations

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation nor for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant. 4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA Licence: 001848.

St. Stephen’s Green House,

Earlsfort Terrace, Dublin 2,

D02 PH42.

Tel: +353 1 638 2700

These particulars are for guidance only and do not form part of any contract. All statements contained in these particulars as to the property are made without responsibility on the part of the agents or the vendor and none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. Any intending purchasers shall satisfy themselves by inspection or otherwise as to the correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation, nor for the rescission of the contract by either the vendor or the purchaser. They are issued on the understanding that all negotiations will be conducted through this firm. Lisney PSRA: 001848.

Title ThemaindevelopmentsiteisFreehold

Theancillarypartofsidelaneislongleasehold.

Price Onapplication.

Solicitors EugeneF.Collins,

TempleChambers,3BurlingtonRoad,Dublin4.

Tel:+35312026400,

Email:lawyer@efc.ie

Ref:MarkWalshorJustineTerritt

Data Room Accesstodataroomavailableonrequest.

Design Team Architects-CathalO’Neill&AssociatesLtd.

Planners-ManahanPlanners

Engineers-RyanAssociates

BERDesignedtoachieveanA3BuildingEnergyRating(BER).

Further informationJP Flynn

01-6382726 jpflynn@lisney.com

Ross Shorten

01-6382745 rshorten@lisney.com