Lands at the junction of Rathbeale Road and Watery Lane, Swords, Co. Dublin

Excellent opportunity to purchase a residential development site with full planning permission in place on lands at the junction of Rathbeale Road and Watery Lane, Swords, Co Dublin (Planning reference number F24A/1125E). Location The site is situated in a prime residential location on Rathbeale Road, just 200 metres from Swords Town Centre. A wide range of local amenities are available within a short walking distance, making this a highly convenient and sought-after setting for residential development. Swords Community Park is located approximately 150 metres from the site, providing excellent recreational space and further enhancing the appeal of the area for prospective occupiers. The site also benefits from excellent connectivity. Dublin Airport is approximately a 10-minute drive, while Swords continues to grow as a thriving and highly desirable community with a strong commuter base and easy access to Dublin City Centre. In addition, the site is located along the proposed MetroLink corridor, which is planned to deliver a major public transport upgrade to the area, further strengthening Swords as an attractive long-term residential location. Description / Development Overview Full planning permission is now in place following a decision by An Coimisiún Pleanála, granting approval for a high-quality residential development of 30 no. apartments together with all associated ancillary facilities. The approved scheme provides for two separate apartment blocks comprising: A four-storey block containing 21 no. apartments, and A three-storey block containing 9 no. apartments. The overall unit mix consists of: 18 no. two-bedroom apartments, and 12 no. one-bedroom apartments. The development includes a range of supporting amenities, including bin stores, bicycle storage, communal facilities, and car parking. A communal roof terrace at fourth floor level is also provided for residents, offering an attractive shared outdoor amenity. At ground floor level, the scheme benefits from a well-designed communal landscaped courtyard between the two blocks, incorporating enclosed amenity space and small play facilities. Each apartment will also enjoy direct access to private amenity space in the form of either a balcony or private garden. Planning Full planning permission has been granted for a 30-unit residential apartment development. An important point to note is that the approved layout currently provides for 31 apartment units within the scheme. However, An Coimisiún Pleanála required that the 31st unit be designated as a "communal room" rather than an additional residential unit. Having taken planning advice, it is considered that this unit may be capable of being reintroduced as a residential apartment, subject to addressing the relevant planning considerations. In addition, due to recently amended planning legislation aimed at making apartment building more attractive, under Section 44B of the Planning and Development Act, it is understood that a purchaser will be able to apply to revise the permitted scheme without the requirement for a full planning application, including amendments to the unit mix to increase the number of bedrooms. It is anticipated that a revised unit mix could be achieved within an approximate eight-week timeframe, subject to the planning authority’s assessment and agreement. For example, it is considered that a revised mix of 18 no. three-bedroom apartments, 10 no. two-bedroom apartments and 2 no. one-bedroom apartments could potentially be pursued, which may enhance the overall gross development value of the scheme without “planning risk". All interested parties should rely on their own independent professional planning advice in relation to the above and the potential for any amendments to the permitted development.