Home > Ireland > Development opportunity within Cherrywood SDZ comes to market for €2.75m

Development opportunity within Cherrywood SDZ comes to market for €2.75m

Written by Robert McHugh, on 21st Aug 2019. Posted in Ireland

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Located at the foothills of the Wicklow Mountains in the south Dublin suburb of Cherrywood, Lehaunstown Park House represents a unique opportunity to restore a period house and stables whilst also developing the surrounding lands for a variety of uses (SPP). 

It is set on approximately 2.88 ha (7.11 acres) and is located within the Cherrywood Strategic Development Zone (SDZ) where development has commenced to deliver a new south Dublin urban centre.

The property has many architectural features which hold historic significance. The Lehaunstown Castle Tower House is buried within the walls of the property which was occupied by soldiers and farmers in the 16th century who were there to defend the lands.

In the 20th century, the property was developed into a working farmhouse with a collection of outhouses, stables and barns surrounding the main house.

The subject site falls under the Cherrywood SDZ Planning Scheme. Cherrywood has been identified as a Strategic Development Zone (SDZ) and is currently undergoing a transformation into a new south Dublin urban centre.

The area will see the development of a new town centre that will provide an array of grocery retailers, fashion outlets, restaurants, cafes and leisure offerings together with the creation of over 8,000 homes, employment accommodation, schools, parkland and sports facilities. 

Once complete, Cherrywood will be home to 25,000 residents and Savills believe it will be south Dublin’s finest shopping and leisure destination, making it a highly desirable place to live.

Speaking of the opportunity the site presents, Mark Reynolds of Savills Ireland comments, "The property is a truly exceptional development opportunity, which could accommodate a variety of uses. A feasibility study, prepared by Mahony Architecture, outlines the development potential of Lehaunstown Park House, illustrating a potential scheme of 3,990 sq m (42,948 sq ft), subject to planning permission."

He added, "The scheme incorporates a mix of uses including retail, leisure, food and beverage designed around the preservation of the existing protected structures. Under the SDZ, the property may also be considered for other use types such as a private residence or nursing home, subject to planning permission."

Source: www.businessworld.ie

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