Opportunity knocks: Dublin land goes on the market

Rehab Group

Ireland's visitor scene is booming, and while some investors are avoiding Dublin, others are looking for development opportunities. One just popped up in a prime part of South Dublin, where land and buildings used by The Rehab Group—a charity organization—are on the market

"Rehab is to place its premises at Roslyn Park for sale on the commercial property market immediately but is not expected to move location for some time," the company said in a statement. Joint agents Lisney and Savills are asking more than €12 million for the 5.16-acre grounds, and reports indicate that the charity can remain on-site for up to four months after the sale is completed. 

In a statement, Group CEO Mo Flynn said that the decision to sell Roslyn Park is one measure being undertaken by "an organization facing significant change," and that the site had "excellent" future potential. "We must maximize its value in order to meet both our existing obligations and to better achieve our mission," Flynn said.

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A portion of the site has residential zoning, while the main campus is zoned “to provide for institutional, educational, recreational, community, green infrastructure and other uses” under the Dublin City Council Development Plan 2010-2017. The 

A period house designed in 1790 by James Gandon is on the property—it was partially demolished but later rebuilt to follow the original plans. The property is listed by Dublin City Council. The sale also includes 12 Seafort Avenue, a two-story building that is reportedly "in need of refurbishment" with a retail extension to the front.

Source: Irish Times

Photo courtesy Google Maps

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