A site in north Dublin with potential for 1,600 homes has gone on the market for offers in excess of €42 million.

The 125 acre residential development site in Baldoyle is being brought to market by Savills.

The estate agent says it's one of the largest residential development opportunities available close to Dublin City Centre.

The site comes to market on the instruction of receivers, Mazars.

"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," John Swarbrigg, Director at Savills Ireland.

"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.

Meanwhile, CBRE has brought the Ashleaf Shopping Centre in Crumlin to market with a guide price of €10.75 million.

The anchor tenant at the centre is Dunnes Stores.

Other tenants include Specsavers, McDonalds and Lloyds Pharmacy.

The centre produces an annual rent roll of over €1.18 million.

Ashfield attracts a footfall of 4.5 million per annum, according to CBRE.