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€1,200,000 Sale Agreed
4.74 Acres
4.74 Ac / 1.91 Ha Development Land
Racecourse Road
Dundalk
Co. Louth
A91 H3K5
Description
This property is situated in a prime position fronting the Racecourse Road, midway between Newry Road and Dundalk Inner Relief Road. The property is located within the Dundalk Urban area approximately 1.7 kms north of Dundalk Town Centre and 2.3 kms south of M1 Dublin to Belfast Motorway Intersection 18.
Dundalk is a key town located centrally on the M1 Dublin-Belfast Corridor with excellent road, rail and bus connections. The population is in excess of 43,000 persons with over 460,000 catchments within a 30-minute drive. The Dundalk area is a key hub for IDA expansion with a wide range of new Pharma companies located nearby including WuXi, Wasdell and Almac. In addition, Pentagon Technologies have recently announced a new semi-conductor facility at IDA Mullaharlin.
Description
The property comprises of a land holding extending to circa 4.74 acres (1.91 ha.) in two divisions. The lands offer extensive frontage of over 140 metres to Racecourse Road and for the most part is located above the level of the public road.
The lands with their A1 Existing Residential Zoning offer the immediate prospect for a planning application with indications the Local Authority are in favour of a medium to high density development of 2, 3 & 4 bed homes. In addition, the site gradient offers immense opportunity for duplex / triplex units along its frontage to Racecourse Road.
The Part V element of the site will be ideally suited to a range of Approved Housing Bodies who are operating in the developments nearby. Furthermore, the location of the site will lend itself to additional mixed tenure homes.
The residence located at the eastern side of the site was originally developed in 1976 and extends to c. 182 sq m / 1,959 sq ft (excluding garage). Access to the residence is limited however it may offer redevelopment potential as part of a larger scheme.
Zoning
The lands are currently zoned “A1 Existing Residential” within the Dundalk and Environs Development Plan 2021 – 2027 with no flood zoning attaching to the site.
Services
We understand that all public main services are located within the immediate vicinity of the lands. We understand the mains water line is located on the verge along the property frontage, and the storm water and foul sewers are located directly opposite on the southern edge of the Racecourse Road. All intending purchasers are to satisfy themselves with the location, adequacy and capacity of public services relating to the property.
Title
We understand that the property is held Freehold.
**Viewing is strictly by appointment only**
BER Information
BER Number: 117264978
Energy Performance Indicator: 528.1kwh/m2/yr
About the Area
Dundalk is the county town and administrative capital of County Louth, situated where the Castletown River flows into Dundalk Bay. The town is close to the border with Northern Ireland and equidistant from Dublin and Belfast. The town's name, which was historically written as Dundalgan, has associations with the mythical warrior Cú Chulainn. In 2003 Dundalk was amongst nine cities and towns to be designated Gateway status in the Irish Government's National Spatial Strategy.
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