News Article

5/25/2007 - PRIME DEVELOPMENT OPPORTUNITY - 1.41 HA / 3.49 ACRES BROOMHILL ROAD, TALLAGHT
William Harvey & Co. is offering a prime development site on Broomhill Road, Tallaght of approximately 1.41 ha / 3.49 acres for sale by tender on Thursday 28th June (unless previously sold).

The property is equidistant from Belgard Road and Greenhills Road and LUAS is available nearby at Belgard Station, with an estimated travel time to Connolly Station of 35 minutes. Tallaght Village is a mere 1.2 km away. Occupiers in the area include National Irish Bank, Johnson & Johnson (Ireland), Sony (Ireland), Robert Roberts, Subaru Ireland, Miele and Fruitfield Jacobs. The area is currently undergoing major change with several new mixed use developments underway on Airton Road and a number of motor showrooms have already been completed.

There is an existing industrial building of approximately 3,752 sq. m. on part of the site, which has an extensive frontage of approximately 136 metres to Broomhill Road.

Under the Tallaght Town Centre Local Area Plan 2006, the site is identified as mainly industrial. However, it adjoins land identified as mixed commercial to the right side and rear and therefore it is possible that developers may view this as an opportunity which may be re-zoned in the next development plan. Alternatively, industrial developers may consider a scheme of small sized units as these are currently selling at €3,230 per sq. m. for units of 93 sq. m. at Greenogue Business Park.

The guide price is excess €8.75 million (exclusive).