Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
A SITE WITH planning permission for 419 apartments, one house and seven commercial units in Dublin 7 is on sale for €32 million.
The site is located in Cabra, approximately 3km northwest of Dublin city centre and 1km northeast of the Phoenix Park.
Planning permission was granted by An Bord Pleanála as a Strategic Housing Development application in March for 419 apartments accommodated in seven blocks up to eight storeys in height.
The development, being sold by Savills, provides for 93 one-bed, 260 two-bed and 66 three-bed apartments. There will also be a three-bedroom house at the entrance.
The scheme provides for a “neighbourhood centre” comprising four retail/café/restaurant units including a supermarket, an office, a community centre, a crèche, 402 car parking spaces and 484 bicycle parking spaces.
The vacancy rate in Dublin’s private rented sector has been below 2% for more than four years. This is well below the natural vacancy rate (NVR), which Savills estimates to be in the region of 5.3%.
If the vacancy rate is beneath the NVR the market is undersupplied and rents will rise – exactly what has been happening in Dublin and elsewhere.
To embed this post, copy the code below on your site