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A MIXED-USE development site at a high-profile location in Terenure village and measuring one-third of an acre is expected to fetch in the region of 4m. The rectangular-shaped site commands approximately 20 metres of frontage to Terenure Road North and extends to a depth of approximately 75 metres to the rear, adjoining housing at Hannaville Park In the Dublin City Development Plan 2005-2011, the site is zoned under Objective Z1 . . . "to protect, provide and improve residential amenities" . . . and Objective Z4 . . . "to provide for and improve mixed service facilities". The zoning permits a wide range of uses including childcare facility, medical and related consultants, offices, residential, restaurant, and shop (district/neighbourhood).
"What's exceptional about this site is that it's in the kind of mature area where property becoming available is a fairly rare event, " says Mark Hennessy of selling agents Hamilton Osborne King.
"With 20 metres of prime frontage onto Terenure Road North, right in the heart of the village, you can reasonably anticipate that there will be some form of commercial development planned by whoever buys the site.
"That fact is that that will actually drive the sale. The probability then is that the new owner will then opt for residential development at the rear."
Last November, Hamilton Osborne King negotiated the sale of the Sunday Wo r ld 's former premises on nearby Rathfarnham Road, comprising 1.2 acres, for a sum in excess of 18.5 m.
This was the only significant commercial sale in the area for some time.
The deadline for the submission of completed tenders is 12 noon on Wednesday 11 October Further details from Hamilton Osborne King, 01-6181465 or 016181415.
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YOU ARE HERE: 19 March 2007 / tribune.ie / 2006 / 09 / 16
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