DevelopmentLand:An interesting redevelopment opportunity will arise shortly at the Dublin Road in Sutton, Co Dublin, when a former nursing home goes for sale by tender.
CB Richard Ellis is guiding over €10 million for the site of 0.04 of a hectare (0.91 of an acre) which goes to tender on May 15th.
The site looks directly out over Dublin Bay and would be ideal for an apartment development.
The former nursing home, which is a large two-storey building, stands at the rear of the site.
The zoning for the site "provides for residential development and to protect and improve residential amenity".
Sutton is one of the most sought-after residential locations along the north Dublin coast.
The site going for sale is within a few minutes' walk of the Dart station at Sutton which runs directly into the city centre.
Wesley Rothwell of CBRE says a developer could expect premium prices for homes on the site because of the superb location with uninterrupted views along the coast.
