Enniskerry Road, Kilternan, Dublin 18 - Approx. 7.38 ha (18.24 acres) - Cushman & Wakefield

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Enniskerry Road, Kilternan, Dublin 18 - Approx. 7.38 ha (18.24 acres) - Cushman & Wakefield
FOR SALE
                        DEVELOPMENT OPPORTUNITY

Enniskerry Road, Kilternan, Dublin 18
            Approx. 7.38 ha (18.24 acres)

 Opportunity to either purchase outright or enter into a licence agreement
  on a subject to planning basis. Potential for excess 200 residential units,
                      subject to planning permission.

                                BER Exempt
Enniskerry Road, Kilternan, Dublin 18 - Approx. 7.38 ha (18.24 acres) - Cushman & Wakefield
Asset Summary
                                        •   Superb large-scale landholding of approx. 7.38          •    Situated in a popular address, at the        •   Highly accessible location, approx. 2 km
                                            ha (18.24 acres).                                            foothills of the Dublin Mountains, approx.       west of the M50 motorway, via
                                                                                                         17 km south of Dublin city centre.               Glenamuck Road.
                                        •   Potential for excess 200 residential units, subject
                                            to planning permission, which may be applied for        •    Situated on the Enniskerry Road, approx.     •   Road frontage of approx. 150 m to the
                                            via a Strategic Housing Development application              600 m from Kilternan Village.                    Enniskerry Road on the eastern aspect.
                                            directly to An Bord Pleanala.                                                                             •   Approx. 3 km from Carrickmines Luas
                                                                                                                                                          Park & Ride.
                                            Sandyford       Central Park                           South County Business Park

                    M50

                                                                                                               M50                     The Park Carrickmines
                              Stepaside

                                                         Stepaside Golf Course

                                                                                                        De La Salle Palmerstown FC

                                                                     Kilternan Parish Church

                                                                                    Bishops Gate
                                                                                                                                                                                       Rockville
                                  Kilternan

Enniskerry Road, Kilternan, Dublin 18
Enniskerry Road, Kilternan, Dublin 18 - Approx. 7.38 ha (18.24 acres) - Cushman & Wakefield
M2

                                                                                                                                                                                                            Swords
                                                       5                                                                            2                                                                                                                                  Malahide
                                                                                                                                                                                                                       M1
oon                                                         M3                                                                                                                                DUBLIN
                                                                                                                                                                                                                      2

                                                                                                                                                  N2                                          AIRPORT                                                             Portmarnock
                                           Dunboyne
                                                                                                                                                                                                                  1
                                                                           4
                                                                 Clonee                                                                                                                                      3
                                                                                            4                                                                               M50           4

                                                                                                Mulhuddart                                                    5                                                                            N32
                                                                                                       N3                                                                                                                 Coolock
                                                                           Ongar                                                                                                           Santry       2
ll                                                                                                            3                                                       Finglas
                                                                                                                   2                                                                                        Beaumont                                                                  Sutton
                                                                                                                                                                                                                                                                                                      Howth
                                                                                                Blanchardstown             6
                                                                                                                                                                            N2
                                                                                                                                                                                                   M50
                                                                                                                                                                                                             Port Tunnel                         Clontarf
                                                                                                                                                                                 Drumcondra
                                                                                                              M50          Castleknock
                                                                                                                                                             N3                               N1
      M4                                Leixlip                                                                                                                                      N2
                        6                              5
                                                                  Lucan                 3                     7
                                                            4a                                        2 1
                                                                               N4                                              N4
                                                                       4                                                                        Chapelizod                DUBLIN
                                   Backweston                                                                                                                                                               Docklands
                                                                                                                                                                    N4            N1
                                                                                                                       Ballyfermot
                                                Adamstown

                                                                                                                                                                                 N81
                                                                                                                                                                                                            Ballsbridge

                                                                                                                                                             Crumlin                      Ranelagh N11
                                                                                                    Clondalkin         1                                                                            Donnybrook
                                                                                                                           9
                                                                                                     N7                                                                                              Milltown
                                                                                                                                         Walkinstown
                                                                                                                               10                                              Terenure
                                                                                                                                                                         N81                                 Clonskeagh
                                                                                            2          Belgard                           M50                                                                                              N31
                                                                                                                                                                                               Churchtown
                                                                                    3                                                                                                                                                            Blackrock          Dun
                                                                                                                           Tallaght
lough
                                                                                                                                                  11
                                                                                                                                                       Templeogue                                                                   N11                           Laoghaire
                                                                                                                                                                                               Dundrum
                                                                                                                                    N81
                                                             N7                                                                                                                                                           Stillorgan
                                                                                                             N81                                                            Ratfarnham
                                                                       Saggart
                                                                                    Citywest                                                                                                          Sandyford                                                             Glenageary
                                                                                                                                                        12
                                                                                                                                                                                                                                        N31
                                                                                                                                                                                                     13                    14                    Foxrock
                                                                                                                                                                            M50                                                   Leopardstown
                                                                                                                                                                                                                                                                  N11
                                                                                                                                                        Rockbrook
     N7                                                                                                                                                                                                                                                      Loughlinstown
                                                                                                                                                                                                                 Stepaside                          15

                                                                                                                                                                                                                                  Carrickmines
                                                                                                                                                                                                                                                                  16

                                                                                                                                                                                 KILTERNAN                                                                                      M11

                                                                                                                                                                                                                                                                               17

                                                                                                                                                                                                              Glencullen                                                                                                    The Park Carrickmines                                                         Carrickmines Luas Stop
                                                                                                                                                                                                                                                                                     5
                                                                                                                                                                                                                                                                 Old Conna
                                              Manor                                                                                                                                                                                                                            M50
                            R1               Kilbride                                                                  Leopardstown
                                                                                                                                                                                                      BR

                                                                                                                                                                                                                                                                                                              N1
                              17
                                                                                                                          Valley                                                                                                 Kilmolin                                               
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                                                                                                                                                                                                                                                                                                                1
                                                                                                                                                                                                                                         RTH
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                                                                                                     Ballinagee                                                                                                                                     Enniskerry
                                                                                                                                                                                                             ON

                                                Belarmine                                                                                                                                                                                            Carrickmines
                                                                                                                                                                                                                                       NO

                                                                                                                                                                                                                 R OA

                                                                                                                                                                                                                                                                                                                                         Kilternan                                                 Asset Description
                                                                                                                                                                                                                          D
                                                                                                                                                                                                                                                        Wood
                                                                                                                                           BA
                                                                                                                                                                             M50
                                                                                                                                             LLY
                                                                                                                                                                                                                                            RD

                                                                                                                                                OG
                                                                                                                                                  AN                                                                                                        BR
                                                                                                                                                     RO                                                                                                          EN
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                                                                                                                                                       AD

                                                                                                                                                                                                                                                                                                                     N1 1
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          Blessington                                                                                                                                                                                                                                                      NS
                                                                                                                                                                                                                                      AMU

                                                                                                                                                                                                                                                                             TO
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                                                                                                                                                                                                                                                                                      ROAD                                               Kilternan is situated at the foothills of the Dublin      The property comprises a greenfield development
                                                  EN

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                                                       IS
                                                       N

                                                            KE
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                                                                   Y                                                                                                                                                                                                                                                                     Mountains, approx. 2 km west of the M50 motorway,         site extending to approx. 7.38 ha (18.24 acres).
                                                                                                                                                                                                                 J15
                                                                                                                                                                                                                                                                                                                                         and 17 km south of Dublin city centre. Kilternan was
                                                                   RO
                                                                     A
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                                                  Stepaside                                     Cruagh                                                                                                                                                                                                                                   historically a rural location which was predominantly     The lands are accessed from Enniskerry Road
                                   BA

                                                   Village                                      Manor
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                                                                                                                                                                                                                                                                                                                                 made up of one-off residential housing. The               and benefit from excellent road frontage. The site is
                                     YE

                                                                                                                                                                  
                                       DM

                                                                                                    R1                                                                                                                                                                                                                        development of the Kilternan Local Area Plan has          situated in a predominantly residential area, with the
                                         ON

                                                                                                      17
                                           DU

                                                                                                                                                                                                                                                                                                                                         seen a large number of developments in the area           Bishops Gate development immediately adjacent
                                            FF

                                                                                                                                                                                                                                                                                                                                         which will be furthered by the construction of            to the north and a number of new developments
                                                RO
                                                  AD

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                                                                                                                                                                                                                                                                  M50                                                                    the Glenamuck District Distributor Road and the           underway on the Glenamuck Road.
                                                                                                                                                                               RO
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                                                                                                                                                                                                                                                                                                                                         Glenamuck Link Distributor Road.
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                                                                                                                                                                        A
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                                                                                                                                                                                                                                                                                                                                                                                                   This opportunity presents a viable housing
                                                                                                                                                                    LE
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                                                                                                                                                                                                                                                                                                                18
                                                                                                                                                                                                                                                                                                              R1                         This asset is situated adjacent to the junction of the    development site, with the potential to deliver
                                                                       Kilternan                                                    N
                                                                                                                                                                                                                                                                                                                                         Enniskerry Road and Glenamuck Road. A number              a mix of unit types, to meet the strong demand for
                                                                                                                                E
                                                                                                                                    NI

                                                                                                                                                                                                                                                                                                                                         of retail and leisure amenities are located in close      new homes in the area.
                                                                                                                                      SKE
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                                                                                                                                                                                                                                                                                                                                         proximity, including The Park Carrickmines, which
                                                                                                                                           ROA

                                                                                                                                                                                                                                                                                                                                         is regarded as Ireland’s premier retail park. Further
                                                                                                                                              D

                                                                                                                                                                                                                                                                                                                                         services and amenities are available in the villages of
                                                                                                                                                                                      R116                                                                                                                                               Kilternan, Enniskerry and Stepaside.
                                                                                                                                        R 116                                                                    BALLYCORUS ROAD                                                R116
                                                                                                                                                                  R11
                                                                                                                                                                     7

                   Enniskerry Road, Kilternan, Dublin 18
Enniskerry Road, Kilternan, Dublin 18 - Approx. 7.38 ha (18.24 acres) - Cushman & Wakefield
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     Town Planning                                                                                                                   Ja mestow n
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     Planning policy for the property is contained within the Dun Laoghaire Rathdown County Council
                                                                                                                                                                                                                                                          Go lf Cou rse
                                                                                                                                                                                                                                                           (Pu blic)

     (DLRCC) Development Plan 2016-2022 and the Kilternan Glenamuck Local Area Plan 2013 which
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                                                                                                                                                                                                                                       Cist & Encrusted Burial Urn

     was extended in June 2018 for a period up to and including September 2023. Under the DLRCC
                                                                                                                                                                                                                                                (site of)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      CAR RIC KMIN ES GR EAT

     Development Plan, the site is subject to the following zoning objectives:
                                                                                                                                                                                                                                                                                                                                                                                                                                                        GDDR
                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sports
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     Objective A - Residential: Approx. 5.19 ha (12.82 acre)
     Objective B - Rural Amenity: Approx. 2.19 ha (5.41 acre).
                                                                                                                                                                                                                                                                                                                                   Sports
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     Development Potential

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     This asset provides an excellent opportunity to deliver a large-scale housing development
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     in a highly accessible and sought-after suburban location. The asset does not currently have
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     planning permission, but it is estimated that the site has capacity for excess 200 residential units,

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                                                                                                                                                                                                                                                                                                   Church                                               Shaldon Gran ge

     incorporating a variety of unit types. 200 units would reflect a density of approx. 39 units per ha
                                                                                                                                                                                                                                                                                                    (C of I)
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     (16 units per acre) based on the residentially zoned portion of land. Densities in excess of these
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     levels may also be feasible.                                                                                                                                                                                     1.8
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     A licence agreement option is offered on a subject to planning basis, full details of which are

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     contained in the property data room.

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     Development Contributions
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          GL ENAM UC K SOU TH
                                                                                                                                                                                                                                                                                                                                                                                                                              Rockville

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                                                                                                                                                                                                                                                                                                                                                                                              Cromlech

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                                                                                                                                                                                                                                                                                                                                                        Go ld en Ba ll                                                                                                                                                                     GLDR                                                                                                                                                                                                                        Dingle Glen
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                                                                                                                                                                                                                                                                                                                                                                                                                            Sports

     On 10 December 2018, a meeting was held by Dun Laoghaire Rathdown County Council whereby                                                                                                                                                                                                                                                                                                                               Groun d
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     it was agreed to reduce the Section 49 Supplementary Development Contribution Scheme -

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Knocknage e                                   Area unde r con st ruction

     Glenamuck District Roads Scheme and Surface Water Attenuation Pond Scheme. The reduced

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     rates are as follows;

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     Residential    €24,950 per unit                                                                                           Ta nks
                                                                                                                                                                                                        Wa ter Works

     Commercial     €125 per sq metre
                                                                                                                                                                                                                                                                                                                                                                Kerima ki
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Rest H arro w
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Glen amuck
                                                                                                                                                                                                                                        Ta nks
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Derryda re
                                                                                                                                                                                                         Kiltiernan Abb ey
                                                                                                                                                                                                              (in ruins)

     Section 48 levies as set out under the Dun Laoghaire Rathdown Development Contribution                                                    1.8
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     Scheme 2016 - 2020 shall apply.                                                                                                                                                                                                                                                                                                                                                     Sch ool         Church
                                                                                                                                                                                                                                                                                                                                                                                                          (C ath)

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                                                                                                                                                                                                                 Church                                                                            Kiltiernan

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     Glenamuck District Roads Scheme
                                                                                                                                                                                                                                      Local Area Plan                                                                                                                                     Sports Grou nd
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                                                                                                                                                                                                                                      Boundary                                                                                                                                                                  Mill H ouse                                                                                                                                                                                                                                                                                                                                                                                                             FF

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                                                                                                                                                                                                                                                                                                                                                 Pond

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                                                                                                                                                                                                                                      Long Term Road
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                        The Bridg e
                                                                                                                                           Cuckoo F ield

                                                                                                                                                                                                                                      Proposals
     In April 2019, Dun Laoghaire Rathdown County Council gave notice of its intent of implementing                                                                                                                                   Glenamuck District
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               CR

     Compulsory Purchase Order (CPO) in order to facilitate the development of the Glenamuck                                                                        GDDR                                                              Distributor Road
     District Roads Scheme. The scheme is intended to facilitate the construction of the Glenamuck                                                                      GLDR
                                                                                                                                                                                                                                      Glenamuck Link                                                                                                                                                                                                                                                                                                                                   Ba
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          rn
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Kin gston

                                                                                                                                                                                                                                      Distributor Road
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 as                         House

     District Distributor Road and the Glenamuck Link Distributor Road.
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                                                                                                                                                                                                                                      Objective A -                                                                                                                                                                                                                                                                                                                                                                                                                                                                   KINGST ON

                                                                                                                                                                                                                                      Residential:
     Simultaneous to the issuing of the CPO Order, Dun Laoghaire Rathdown County Council also                                                                                                                                         Approx. 5.19 ha

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               CR
                                                                                                                                                                                                                                                                                                                                                                                                                                      Eve sh am

     submitted a planning application to An Bord Pleanala in March 2019 for the construction of each                                                                                                                                  (12.82 acre)                                                                                     Kestre l
                                                                                                                                                                                                                                                                                                                                       Lodge                                                                                                                                                                                                                                                                                                                                                                                                                            Gravel Pits

     road. A decision on this application is expected in Q1 2020 with an estimated build programme                                                                                                                                    Objective B -
     of 18 months                                                                                                                                                                                                                     Rural Amenity:
                                                                                                                                                                                                                                      Approx. 2.19 ha                                                                                                                                                                         Verny
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           0                                                                              200                                                                 400 Metres
                                                                                                                                                                                                                                                                                                                                                                                                                              House

                                                                                                                                                                                                                                      (5.41 acre)                                                                                                                                             Verney

     The construction of these roads will facilitate further development in the surrounding areas.

                                                                                                             Extract from the Kilternan / Glenamuck Local Area Plan 2013 (now extended to 2023),
                                                                                                             illustrating the indicative routes of new infrastructure.

Enniskerry Road, Kilternan, Dublin 18
Title                                                                     Viewing
The property is held under freehold                                       By appointment with
title.                                                                    the sole agents.

Method of Sale                                                            BER
The property is being offered for                                         Exempt.
disposal via a subject to planning
licence agreement or a freehold sale.
Further details on the disposal process                                   Website and
are available in the property data room.
                                                                          Dataroom
Services                                                                  www.kilternandevelopment.com

We understand all public services
are available to the property.

Contacts:
SOLE AGENT                                                                 SOLICITOR

John Donegan                                                               Evin McCarthy
E: john.donegan@cushwake.com                                               evin.mccarthy@rdj.ie
T: +353 (1) 639 9222                                                       T: +353 1 6054200

Donal Kellegher                                                            Ronan Daly Jermyn
E: donal.kellegher@cushwake.com                                            The Exchange
T: + 353 (1) 639 9248                                                      George’s Dock
                                                                           IFSC
Cushman & Wakefield                                                        Dublin 1                                              On the instructions of the
164 Shelbourne Road                                                                                                              Receiver, George Maloney
Ballsbridge                                                                www.rdj.ie                                            of RSM.
Dublin 4

T: +353 (1) 639 9300

Licence No: 002222

www.cushmanwakefield.ie

Cushman & Wakefield LLP on its own behalf and for vendors or lessors of this property, whose agent it is, gives notice that: (1) The particulars are produced in good faith, but are a
general guide only and do not constitute any part of a contract. (2) No person in the employment of the agent(s) has any authority to make or give any representation or warranty
whatsoever in relation to this property. (3) The property is offered subject to contract and unless otherwise stated all rents are quoted exclusive of VAT. (4) Nothing in these
particulars should be deemed a statement that the property is in good condition, or that any services or facilities are in working order. (5) Unless otherwise stated, no investigations
have been made regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. Publication Date:
June 2019. Designed and Produced by Creativeworld. T 01282 858200.
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