Superb Development Opportunity
Ready-To-Go with F.P.P for 155 Apartments
Turvey Avenue, Donabate, Co. Dublin is a superb residential development with the benefit of full planning permission with a guide price in excess €8.5 million exclusive.
In August 2020, An Bord Pleanála granted planning permission for an SHD development on the subject site, which was subsequently amended to provide for 155 no. apartment units (25 no. 1 beds, 112 no. 2 beds and 18 no. 3 beds) in 3 no. apartment blocks, all units with private terraces/balconies. The proposed development provides for a crèche facility, a commercial gym and a significant community amenity space. The proposed scheme is envisaged to be operated as a rental scheme but as it has been designed to build-to-sell apartment standards it provides excellent flexibility for purchasers.
The apartments are well designed and are ideally suited to a range of lifestyles and demographics, supported by the scheme’s excellent transport links. The 3 blocks are arranged around a central courtyard, with a pocket park and surrounding landscaped grounds. The interaction of the apartments with the landscaped areas is also enhanced as each apartment benefits from private balconies or terraces. Parking is provided for at basement level which allows these green areas and public realm within the scheme to be pedestrian and cycle friendly.
The site extends to approximately 2.87 acres and is superbly served by public transport with the Irish Rail and DART line running adjacent to the site. Donabate Train station is within 50m from Turvey Avenue which offers daily and regular train services to and from Dublin City Centre southbound and services facing North bound towards Dundalk, Drogheda and Belfast. The M1 Motorway Junction 4 is easily accessible providing direct access to Dublin Airport, M50 Motorway and the City Centre via the Port Tunnel. Furthermore, the proposed walkway and cycleway greenway across Broadmeadow Estuary which will link Donabate and Malahide is expected to open in 2023.
Donabate is a lively, family-friendly coastal town with plenty of local amenities to serve a wide range of demographics. The village gate of Newbridge Park is within a 350m walk of the site providing direct access to the lush, green parkland surrounding Newbridge House and Farm. Newbridge House Demesne opened as a regional park in 1986, with approximately 370 acres of gently undulating pastureland, woodland walks, a deer park, lime kiln, the ruins of Lanistown Castle, watercourses and pleasure grounds. The stately Georgian Mansion is set against the gently undulating wildflower meadows of the Park with the 18th century working Farm, Courtyard Tearooms and state of the art Adventure Playground perfect for families. A SuperValu supermarket, post office, medical centre and pharmacy are within walking distance, while eight local restaurants and bars cater for a lively and varied lifestyle offering in additional to the local leisure and community centre.
Under the Fingal County Development Plan 2017-2023 the subject site is zoned Objective ‘TC – Town and District Centre’, that is to “Protect and enhance the special physical and social character of town and district centres and provide and/or improve urban facilities.”
Knight Frank commented ‘the site represents a significant PRS or private sale opportunity with the planning risk removed in a stunning costal location ideally primed to meet the recent shift in lifestyle requirements of tenants and home buyers. Donabate train station is within 50 meters combined with the proximity to the M1 motorway provides easy access to city centre amenities and employment hubs. We would expect to see strong interest from the market given the ‘ready to go’ attractive residential scheme.’