Aura Investments
Pembroke Street, Irishtown, Dublin 4.
The site is located on Pembroke Street, Irishtown, Dublin 4.
Sale Agreed at €800,000
Site 9, 11, & 13 Pembroke Street
 Site 9, 11 & 13 Pembroke Street |  Plans |
|---|---|
 Plans |  Plans |
 Plans |  IFSC |
 Dublin City Location |  River Liffey |
 Dublin IFSC Quarter |  IFSC Quarter |
Prime Residential Development Site
433 sq/m Residentially Zoned Lands at Pembroke Street, Irishtown, Dublin 4.
• Site area approx. 433 sq/m
• Zoned residential
• Exceptional location in this highly sought-after residential suburb
• Within 1km of the IFSC and the LUAS Line.
• Appealing location for residential development.
• Full planning permission for 6 state of the art, 3 story, 2 bed townhouses measuring approximately 105 sq/m per unit.
Location
Each house provides a private garden at ground floor level to the rear and a sun room at second floor level that opens onto a private roof terrace. The IFSC, O2, Grand Canal Dart station, East link toll bridge, Ballsbridge and City centre are also just minutes away. Finally the wonderful amenity of Ringsend Park with is excellent facilities is accessed 50 metres away.
Proposed Development
The total build cost for this site was estimated to be in the region of €1,600,000. The profit margin would be small in comparison to other sites proposed and it would take a number of years renting out the six properties before a profit of marginal significance. After renting the properties for seven years and then selling each of them at current rates and prices, the estimated profit, less expenses but excluding tax, was €1,040,000. This development option would take numerous years to make a significant profit and the current housing market rise and demand cannot be guaranteed for such a long-term period.
