Agents QRE have been instructed to sell a prime .25 acre development site in Malahide Village, zoned Town Centre.
The site is located at the junction of Strand Street and Old Street and approximately 300m from New Street, which is the main commercial hub in Malahide Village. Malahide Marina Village is located within 200m. The immediate surrounding area is predominantly commercial in character at ground floor level with upper floors generally providing residential accommodation.
Malahide has a population of 16,000 and is a rapidly growing affluent town. The village provides extensive retail facilities and services including fashion boutiques, hair and beauty salons, florists, food outlets and a small shopping centre. There is a wide selection of pubs and restaurants and the 203-room Grand Hotel.
The site extends to .10 Hectares (.25 Acres), is regular in shape and provides approximately 40 m of frontage onto Gas Yard Lane
The site is zoned objective TC (Town Centre) under the Fingal Development Plan 2011 – 2017
“To protect and enhance the special physical and social character of town and district centres and provide and/or improve urban facilities.”
Use classes permitted under this zoning are extremely broad and include retail, offices and residential, amongst many others.
Planning permission was previously obtained in 2009 for a 4-storey over basement development comprising a Medical Practice and Pharmacy on ground floor, Medical Care Facility on first floor and offices on second floor with 4 Penthouse apartments 3rd floor level.
Conor Whelan of QRE commented “this is a very rare opportunity to secure a prime town centre development opportunity in the heart of Malahide Village, which would suit a wide variety of uses, subject to planning permission”
QRE are guiding €950,000 and are selling by Private Treaty.
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