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The site in question Savills

Site with planning permission for over 400 apartments on sale for €32 million

The vacancy rate in Dublin’s private rented sector has been below 2% for more than four years.

A SITE WITH planning permission for 419 apartments, one house and seven commercial units in Dublin 7 is on sale for €32 million.

The site is located in Cabra, approximately 3km northwest of Dublin city centre and 1km northeast of the Phoenix Park.

Planning permission was granted by An Bord Pleanála as a Strategic Housing Development application in March for 419 apartments accommodated in seven blocks up to eight storeys in height.

The development, being sold by Savills, provides for 93 one-bed, 260 two-bed and 66 three-bed apartments. There will also be a three-bedroom house at the entrance.

The scheme provides for a “neighbourhood centre” comprising four retail/café/restaurant units including a supermarket, an office, a community centre, a crèche, 402 car parking spaces and 484 bicycle parking spaces.

The vacancy rate in Dublin’s private rented sector has been below 2% for more than four years. This is well below the natural vacancy rate (NVR), which Savills estimates to be in the region of 5.3%.

If the vacancy rate is beneath the NVR the market is undersupplied and rents will rise – exactly what has been happening in Dublin and elsewhere.

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    Mute Shayno ZO
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    Nov 29th 2012, 9:31 AM

    Is that picture the face of Bad Santa or what..

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    Mute GatheringYourMoney
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    Nov 29th 2012, 12:35 PM

    WHAT ARE OUR politicians doing in the halls of Leinster House??

    Depopulating the country of the undesirable people who don’t agree with them, so that come next election they will have a scared, obedient, docile, little electorate to vote them in again.

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    Mute Bernadette Dunne
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    Nov 29th 2012, 9:46 AM

    What ever Reilly!!!! You are a proven liar and who trusts a liar?

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    Mute Damien Flinter
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    Nov 29th 2012, 10:34 AM

    Only way we will get a decent health service is when Reilly&Co are told their private health insurance is invalid and that next time they or their families gets sick they are at the back of the queue…watch them sort it out, pronto.

    All TDs and public servants should be made use public transport. Imagine the immediate efficiencies.
    Ditto education.

    And if you don’t like the conditions, emigrate like the rest of us. Take away their cushions.

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    Mute Stephen Maher
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    Nov 29th 2012, 10:27 AM

    Every time I see Chubacca’s hairy face I get this awful sinking feeling.

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    Mute Mike Clinton
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    Nov 29th 2012, 10:55 AM

    Given the track record to date and the utter complacency and contemptious way this sham of a government have and continue to treat the Irish prople I would not believe the Lords prayer from the mouths of any of them.
    I have no confidence in them at all.

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    Mute Michael Kelleher
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    Nov 29th 2012, 11:24 AM

    Now there’s a question, how many ministers/TD’s have private health insurance? Instead of putting their fate in the hands of public hospitals. Maybe the journal could investigate and report this? Although you will never get the answer.

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    Mute Simon Moore
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    Nov 29th 2012, 11:57 AM

    if they didn’t waste so much money on being inefficient, they would be far better off! i mean, printing off letters to send to another person in the same department down the hall, waiting for 2-3 days for it to be delivered, then responded to then another letter and so on on

    never heard of email no? what a complete waste of money, time and resources!

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    Mute _doesnotcompute
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    Nov 29th 2012, 10:39 AM

    Minister Fintan Stack. :P

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    Mute Richard Lennon
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    Nov 29th 2012, 3:06 PM

    The lads in the pub don’t like him even when they are sober.

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