This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 2 °C Wednesday 13 November, 2019
Advertisement

Dublin's 'largest single residential development' for years has just gone on sale for €135 million

The agents said it is expected to draw significant attention from local and international investors in the private rental sector.

The Grange
The Grange
Image: David Cantwell

A TOTAL OF 274 apartments across a four-acre site has just gone on the market for €135 million.

Put on the market by agents Cushman & Wakefield and Knight Frank, this development called The Grange would allow a buyer to “acquire a significant footprint in Dublin’s strongly performing residential sector”.

Fronting onto the Stillorgan Road/N11 and Brewery Road, the site for sale has the potential for an additional 263+ units subject to planning permission and building works.

Many of the balconies in the development overlook the Dublin mountains and Dublin Bay.

The apartments range from one bedroom, two bedroom and three bedroom apartments, and the site is located a short drive from Dublin city centre, Ballsbridge, Ranelagh and Donnybrook. It is also close to Sandyford Luas stop.

The agents said that strong demand is anticipated from both local and international private rental sector investors, as well as from international developers, because there are “limited opportunities available to acquire standing stock and prime development land”.

According to Daft.ie’s latest quarterly rental report, the average rent in Dublin is now 26% higher than the previous peak in 2008.

The average rent in south Dublin city and south Dublin county was almost €2,000 at the end of 2017, Daft.ie said.

“In some segments of Dublin, rents have now doubled since 2010,” the report’s author Ronan Lyons said.

  • Share on Facebook
  • Email this article
  •  

About the author:

Sean Murray

Read next:

COMMENTS (33)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel