Strong interest is expected in the sale of Gowan House on Naas Road, Dublin 12, which is currently home to the Gowan group of engine importers who are moving to larger premises in Citywest.
Worth € 7.5 million, the iconic site at the city end of Naas Road measures approximately 2.3 acres (0.93 hectares) and is in a very accessible location along the Naas Road, close to the Luas red line, bus lines and the M50.
The Gowan house is located at the end of the road to Naas, immediately recognizable because it currently houses the Opel, Peugeot and Citroën and DS franchises.
The current building on the site is used for a modern one-story freestanding warehouse comprising sprawling two-story offices spanning approximately 40,000 square feet.
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The site benefits from an important frontage of approximately 80 m on the road of Naas.
There are a number of large employers in the surrounding industrial parks, in addition to the downtown multinational companies. Nearby hospitals include St James’s Hospital; Children’s Health Ireland, Crumlin; Coombe Hospital and the National Children’s Hospital which is under construction.
Within the framework of the development plan of the city of Dublin 2016-2022, the site is zoned objective Z14, “to seek the social, economic and physical development of a zone with mixed use of which the residential uses and” Z6 “would be the uses. predominant ”.
O’Mahony Pike Architects has produced a feasibility study for the site which includes an attractive program of 201 apartments with tenant amenities and ground floor retail on Naas Road. The program was designed to building standards for sale, but given the very good public transport network, the site would be ideal for a build-to-rent program.
A Knight Frank spokesperson said the site “represents a significant residential redevelopment opportunity with high existing use value”. Knight Frank said the site was ideally placed for redevelopment given the Luas and proximity to the Red Cow interchange and the M50 motorway.
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