6.45-acre Balgriffin holding is located in an area of proven demand and is positioned next to three new apartment schemes
Agent Knight Frank is guiding a price of €2.95 million for a residential development opportunity at Carr’s Lane in Balgriffin, Dublin 17. The subject site currently comprises a single-storey house with adjoining lands extending to a total of 2.61 hectares . The lands are laid out in two divisions separated by a band of trees, with two existing access points off Carr’s Lane which connects to the Malahide Road.
The subject property is located in a well-established residential area. Both the Northern Cross mixed-use scheme and Clarehall Shopping Centre are located approximately 1km from the property with occupiers including Tesco, Hilton, Meadows and Byrne, Fresh, Bank of Ireland and Fine Wines. There are a number of green spaces in close proximity also including Father Collins Park. The surrounding coastal towns of Portmarnock, Malahide and Howth are all situated within a short drive of the site. Outside of the significant employment opportunities available to future occupiers of the site in Dublin city centre, Dublin Airport, which is in close proximity, provides 19,900 direct jobs, with a further 11,700 indirect jobs in firms that support or supply the airport.
The subject site falls under the Fingal Development Plan 2023 - 2029 with approximately 1.46 hectares as “RA” Residential Area, the aim of which is to “provide for new residential communities subject to the provision of the necessary social and physical infrastructure” under which residential is permitted in principle. The balance of the lands, 1.158 hectares , is zoned under GB “Green Belt”, the aim of which is to “protect and provide for a green belt”.
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