€9m guide price for Walkinstown site with planning permission for 163 apartments

A BROWNFIELD site with full planning permission for 163 apartments has gone to market with a guide price of €9million.

Walkinstown House, which is located just off the Ballymount Road Lower in Walkinstown, is being brought to the market by agent Cushman and Wakefield.

The sale of the site is expected to generate a lot of interest, with the residential “development opportunity” shovel ready.

Under the draft South Dublin county Development Plan 2022-2028, the property is zoned REGEN to facilitate enterprise or residential-led regeneration.

Plans for the site were granted under a Strategic Housing Development application, which bypasses South Dublin county Council and is dealt with directly by An Bord Pleanála.

Proposals for 163 apartments, a cafe, creche and amenities staged across eight-storeys at the Walkinstown House site were given the green-light in June 2021.

There is provision for seven three-bed apartments, 96 two-bed apartments, 59 one-bed apartments along with a single studio.

As outlined in the planning application, the cafe will measure out to 106.8sq.m while the creche will measure out to 259.8sq.m.

The scheme is set to include 56 under croft car parking spaces, which is described as being “of a significant cost saving to a developer when compared with underground car parking”.

In the plans, which were obtained by AAI Walkinstown Ltd, there is provision for a gym, lounges and a meeting room for tenants.

Extending to around 2.3acres, the subject site is currently home to existing warehouses which extend to about 3,490m.

The planning permission includes the demolition of the existing factory/warehouse buildings and ancillary outbuildings to accommodate the residential development.

The subject site is located just 6km from Dublin city centre and 2km from the M50, and while it is within 15-minutes of Kylemore Luas stop, there is several Dublin Bus routes that operate within close proximity.