€8.5 million for Citywest site with planning for 110 residential units

€8.5 million for Citywest site with planning for 110 residential units

By William O'Connor

A significant residential development opportunity in Citywest is being brought to the market through agents Cushman & Wakefield on behalf of Davy Hickey Properties.

The high-profile opportunity, known as “Mountview, Citywest” and comprising a greenfield site of approx. 3.76 ha (9.30 acre), has been placed on the market for sale with a guide price of €8.5 million.

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The Mountview Citywest site has a guide price of €8.5 million with planning for 110-unit residential scheme

This prime development opportunity benefits from an existing planning permission for the construction of a 110-unit residential scheme.

The existing permission comprises a mixture of 90 housing units and 20 apartments with the added benefit of no Part V requirement which has been satisfied elsewhere.

Intending purchasers may also look to the possibility of increasing density on the site.

This ready-to-go development opportunity is situated in the heart of Citywest, directly north of the Fortunestown Luas stop.

Located adjacent to the popular Citywest Village new homes scheme, it is also in close proximity to Citywest Shopping Centre, Citywest Business Campus and numerous other employment hubs and amenities.

In addition to the already strong abundance of amenities, the site is located directly north of a new neighbourhood park which is currently under construction.

The sites proximity to the Luas Red line, numerous bus links, N7, M7 and M50 will ensure the desirability of the end use development for commuters and professionals alike.

Brendan Smyth of Cushman & Wakefield commented: “This site offers purchasers the opportunity to acquire a prime residential development opportunity in a proven location.

“The existing planning permission, lack of Part V requirement and proximity to the Luas line should all be key drivers of demand for this well-located site.”

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