Noel Smyth offers Dún Laoghaire site for more than €6.5m

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Noel Smyth offers Dún Laoghaire site for more than €6.5m


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DEVELOPER Noel Smyth has brought a residential development site overlooking Dún Laoghaire Harbour to the market with a €6.5m-plus guide price. Located on Crofton Road, the 0.79 acre site has the potential for between 74 and 102 apartments depending on whether the purchaser were to develop build-to-rent or build-to-sell models.

Under the current Dún Laoghaire Rathdown County Development Plan, the site is zoned Major Town Centre, which would allow uses that would “protect, provide for and/or improve major town centre facilities”.

Evan Lonergan of agents Knight Frank says that the range of uses could also include residential, hotel, offices and retail.

Currently used as a car park on a short-term licence agreement, the site has more than 40 metres of frontage on to Crofton Road and is also bounded by the seven- to eight-storey Harbour View residential development to the east, residential dwellings to the west and St Michael’s Hospital to the south.

Earlier this year, this newspaper reported that Mr Smyth, who has been planning a development on the site for more than 12 years, was formulating plans for 100 build-to-rent apartments on the site and 20pc of the units could be for social housing.

If a new planning application had more than 100 units, it could qualify for fast-track planning. However, if it had less, then it could take a lot longer to get permission.

An indication of the strength of apartment prices in the area is reflected in the €465,000 currently being sought for a two-bedroom unit in the neighbouring Harbour View development.

Mr Smyth’s site is a walk away from Dún Laoghaire shopping centres, Dart station and bus terminus, with their frequent services to Dublin city centre and elsewhere,

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