A ready-to-go site for 25 two- and three-storey houses at Arbour Hill on North Circular Road in Dublin 7 is expected to attract a broad range of interest from developers, construction companies and investors when it goes on the market today through the Lisney agency.
The one-acre plot is particularly well located close to Heuston Station, Parkgate Street and the Luas Red Line service.
It has been in the same ownership for more than 50 years, having been used for most of that time as a merchant’s timber yard.
With house prices and rents now at their strongest for more than seven years, the owners have secured an excellent planning permission to maximise the market appeal of the site which is to be offered for sale by tender on October 24th.
In the meantime Ross Shorten of Lisney is quoting an approximate guide price of €2.9 million.
The houses and 25 surface car-parking spaces will be accommodated in a courtyard setting which will undoubtedly appeal both to families wanting to live in the city and to investors looking to cash in on the rental boom.
Fairly similar townhouses in the same vicinity are currently selling at between €350,000 and €400,000, according to Lisney.
The Arbour Hill houses will have an average floor area of around 95sq m (1,023sq ft).
The layout and style of the housing scheme, devised by Stephen Collins of architects Collins Maher Martin, will sit comfortably with the scale of the artisan, Victorian and Georgian homes in the surrounding area.
