A SUBSTANTIAL DEVELOPMENT on the north Dublin seafront has gone on sale for €25 million.
The site, known as ‘Project Pier’ by selling agents Savills, overlooks Howth harbour, and has already gained two key planning permissions.
The two planning permissions govern separate development initiatives involving both commercial and residential development space.
Located just 250 metres west of Howth pier, a still-functioning fishing port and yacht marina, the site stands poised to exploit an area hugely popular with tourists and locals alike.
The location was previously in the headlines after a number of locals, including Labour TD Aodhán Ó Ríordáin and former Senator Averil Power, were notice parties to a High Court action seeking to block An Bord Pleanála’s decision to uphold planning permission for the site in June 2016.
That challenge was thrown out in June of last year due to the complaint not being made within the strict time limits allotted at the High Court for objections to planning decisions.
The action, taken by local Christian Morris, had been predicated on the fact the area would be covered in ‘cheap’ housing which would be ‘unsuited’ to the area.
Glenkerrin Homes, the company behind the initial planning application, went into receivership in 2011.
The planning permission granted covers room for 356 apartments and 51 homes, together with just under 62,000 sq ft of space for commercial development.
“As agents, we can sometimes be a little loose when referring to a particular property as prime; however, in this instance, it’s certainly not the case,” said Savills’ John Swarbrigg.
This site really does represent a trophy opportunity and offers a purchaser a platform to deliver something truly special in what is one of Dublin’s more affluent suburban addresses.