Savills News

125 acre residential development opportunity in North Dublin seeking offers in excess of €42 million

On the instruction of Receiver’s Tom O’Brien and Simon Coyle of Mazars, Savills Ireland has brought Project Shoreline to the market, an impressive 125 acre residential development opportunity that offers scale, an attractive coastal location and proximity to Dublin City Centre in a single lot.  

On the instruction of Receiver’s Tom O’Brien and Simon Coyle of Mazars, Savills Ireland has brought Project Shoreline to the market, an impressive 125 acre residential development opportunity that offers scale, an attractive coastal location and proximity to Dublin City Centre in a single lot.

Speaking of the development John Swarbrigg, Director at Savills Ireland,

“Project Shoreline is a unique opportunity to develop a significant residential scheme within an established residential destination. It offers coastal living and excellent connectivity to Dublin City Centre”.

Together with Open Space and High Amenity lands, the opportunity extends to approximately 50.76 hectares (125 acres), making it one of the largest residential development opportunities available close to Dublin City Centre.

With an existing planning permission for 546 units and potential to significantly increase density through further planning permissions, this is the perfect opportunity for investors and developers to benefit from short – long term value add potential.

The Sites

The subject sites are situated in Baldoyle, an attractive coastal town in north county Dublin. The property holds a high-profile position, in a well-connected location with an abundance of public transport facilities within the immediate vicinity, including the adjacent Dart Station. The amenity lands will enhance the scheme by providing residents with landscaped parks and walkways, creating a tranquil environment for the whole community.

The development is split into two “growth areas”:

Growth Area 1 (41 acres): Designed by award-winning architects, Henry J. Lyons, this is a contemporary, high-end residential scheme, which has the benefit of a full grant of planning for 546 residential units. In addition, a feasibility study has reported the potential for an uplift in density to 833 units and an opportunity to increase this further STP. The proposed scheme incorporates a new town centre and impressive landscaped gardens.

Growth Area 3 (15 acres): This area is zoned for residential development and a feasibility study has reported the potential for approximately 759 units STP.

Vision

Receiver, Tom O’Brien of Mazars spoke of the vision for Project Shoreline,

“In recent years, Baldoyle has transformed from a quiet seaside village into a popular residential location. Project Shoreline is an exciting and unique opportunity to create a landmark development in an excellent location that will have wide appeal and further enhance this vibrant community’

Location

The lands are situated between the Coast Road and Clongiffin DART Station in the established residential coastal town of Baldoyle. Perspective residents of the scheme will enjoy a selection of local amenities, including those of Baldoyle Village, located approximately 1.5 km to the south east of the subject property. The area caters for young families, professionals and outdoor enthusiasts with several schools, sports clubs, beaches and public parks in close proximity.

Ebba Mowat, Associate at Savills Ireland, commented,

“The site is ideally placed for residential development, offering proximity to Dublin City Centre combined with seaside living”.

Connectivity

Baldoyle offers unrivalled accessibility with strong public transport links and an established road network. The site adjoins Clongriffin DART Station, giving access to the City Centre within approximately 20 minutes, whilst providing connecting services between Malahide and Belfast.
There are also numerous local bus routes, providing access to the city within approximately 30 minutes.

Accessibility is further enhanced by the R107, the main arterial road linking northern towns and suburbs to the city, situated approximately 3 km to the west. The M50 motorway is within close proximity to the property and together they provide access to the City Centre within approximately 30 minutes by car. Dublin Airport is located approximately 9.5km to the north-west.

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