Strategic location and full planning permission for 15 apartments made the property a highly sought-after opportunity
Hooke & MacDonald has sold a prime residential development site in Stillorgan, south Co Dublin, on behalf of Eir. The property, launched to the market last September with a guide price of €1.35 million, attracted strong interest from developers nationwide.
Contracts were signed before Christmas, and the transaction has now successfully closed. The 12-week launch and close indicates the strong level of demand for residential sites in the area.
Located less than a 10-minute walk from Stillorgan village, the site is easily accessible to the N11, its Quality Bus Corridor, the M11, M50, University College Dublin and Sandyford Business Park.
Its strategic location, as well as the full planning permission for 15 apartments, made it a highly sought-after opportunity.
The planning permission allows for a scheme comprising six one-bedroom apartments, eight two-bedroom apartments and a three-bedroom penthouse with a wraparound private terrace of 120 square metres. The 0.137-hectare (0.34-acre) site also includes surface car parking.
Conor Steen, associate director at Hooke & MacDonald, said: “We are delighted to have completed the sale of this excellent residential development site in Stillorgan.
“We continue to see strong demand from developers seeking similar opportunities in the Dublin market, highlighting the ongoing appetite for prime residential sites.”
Source : businesspost.ie
