Savills Ireland has launched what it calls a "significant" development site for sale in Dublin's North Docklands for over €80m.
Brick Yards @ Dublin Docklands extends to about 3.24 hectares (8 acres) and occupies a high-profile location on East Wall Road.
A feasibility study by MCA Architects shows the site's potential to accommodate a scheme of 1,051 apartments and about 20,780 sq m (223,674 sq ft) of gross commercial accommodation subject to planning permission.
Savills said the site comprises numerous low-rise industrial buildings, which provides the purchaser with an opportunity to benefit from short-term income while seeking planning permission for a development scheme.
Dublin's North Docks has undergone a dramatic transformation in recent years.
The large number of cranes in the area symbolise the amount of schemes both under development and recently completed in the area including Dublin Landings, North Dock Office scheme, The Point Campus, Spencer Place and Ireland's tallest office building, The Exo, which is due for completion in 2021.
John Swarbrigg, Director of Development at Savills Ireland, said the Brick Yards site is a significant landbank in the North Docklands with clear development potential for a mixed-use scheme.
"The property provides a purchaser with an opportunity to develop a scheme of unrivalled scale in the Docklands area and to capitalise on an area undergoing significant change. We expect significant interest in this site, due to its location, scale and the potential behind this project," Mr Swarbrigg added.
Meanwhile, Savills Ireland has also placed 84-93 Lower Mount Street in Dublin 2 on the market with a guide price of €36m.
The estate agents said the investment offers purchasers a chance to buy an office block in a prime Dublin CBD location, with 100% Government income for almost seven years to break and 10 years to expiry and with outstanding long-term redevelopment potential.
84-93 Lower Mount Street has been occupied by the Office of Public Works on a long-term lease since February 1981 and has recently been extended for a further 10-year period to June 2031 subject to a tenant break option in June 2028.
The passing rent equates to a relatively modest level of €34.95 per sq ft.
