Hooke & MacDonald & the joint agent have just sold an interesting residential development site of approximately 0.11 hectares (0.25 acres) and adjoining four bedroom semi-detached house on South Lotts Road, Dublin 4. The site is zoned Z1 Residential. There is an expired planning permission for 21 apartments which could possibly be increased under the new planning guidelines subject to planning permission being obtained.
Hooke & MacDonald & the joint agent handled the sale of the property for Mr. Ken Fennell, Statutory Receiver in Deloitte on behalf of NAMA & Liquidators Butler & Company.
The property is situated adjacent to Barrow Street and the Gasworks development on the northern side of South Lotts Road in one of Dublin’s most desirable neighbourhoods. There is excellent transport, retail, leisure and sporting facilities in this area. The adjacent DART line links up with both North & South Dublin and is approximately 1 km from The Aviva Stadium. There are an abundance of amenities in the area including restaurants, cafes, pubs and shops. All the amenities of Grand Canal Dock, Ballsbridge and the city centre are within walking distance including Herbert Park & Merrion Square.
The neighbourhood is home to a number of major employers and multinational corporations including Google, Airbnb, Facebook, Mason Hayes & Curran, William Fry & State Street.
The site & house were sold by Public Tender by Hooke & MacDonald & the joint agent, they were guiding €1,250,000 for the site and €550,000 for the house or collectively for €1,800,000 but the price achieved was in excess of €4,250,000.