• Prime Residential Development Opportunity (s.p.p.) of approx. 0.9 acres
• Potential for 90 apartments (s.p.p.)
• Zoned objective Z2 Residential Neighbourhoods (conservation area)
• Ideally positioned within a 0.5km walk of Rathgar Village while Rathmines Village is within 1km
• Dataroom: www.rathgar-avenue.com
It is rare that an opportunity arises to acquire almost an acre of land in the heart of Rathgar, one of the most affluent areas of the country. The site, which represents a Prime Residential Development Opportunity (s.p.p.) of approx. 0.9 acres, is situated at the high profile corner of Kenilworth Square South and Rathgar Avenue. Furthermore, the site is ideally positioned within a 0.5km walk of Rathgar Village while Rathmines Village is within 1km.
The entire site is zoned objective Z2 Residential Neighbourhoods (conservation area) within the current Dublin City Council Development Plan. In this regard, Ferreira Architects have produced a Feasibility Study for the site which provides for an attractive scheme of 90 apartments (s.p.p.). The well designed proposal consists of a linear block that creates a new street edge along Rathgar Avenue of four storeys with partial fifth floor setback.
Presently, the site comprises a high quality car sales showroom, parts and service centre with ancillary office accommodation and secure rear yard which would command a high existing use value. The site also enjoys significant frontage to Rathgar Avenue (approx. 57 metres), Kenilworth Square South (approx. 40 metres) and Garville Lane (approx. 71 metres) with existing vehicular access from all three roads.
This superb residential site is situated approx. 2.5km southwest of St. Stephen’s Green and the local area benefits from a high level of amenities with Kenilworth Square, Rathgar Village, Rathmines Village, Palmerston Park and Bushy Park all in close proximity while Castle Golf Club and Milltown Golf Club are within 2km.
The local area is also renowned for its high quality schools and universities to include Sandford National School, Sandford Park, The High School, Alexandra College, Gonzaga College, Terenure College, St Mary’s College, Scoil Bhráde and University College Dublin.
In terms of public transport, the Cowper stop on the Green Luas line is a 20-minute walk away. The area is also well serviced by Dublin Bus and the M50 motorway is also in easy reach at Exit 11 which is within 4.5km.