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Rail Park, Maynooth, Co. Kildare

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Rail Park, Maynooth, Co. Kildare

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Summary • Exceptional Residential Development Opportunity • Superb large-scale land holding of approx. 9.29 Ha (22.95 Acre). • Situated in the popular university town of Maynooth, Co. Kildare. • Maynooth is also a key commuter town with excellent transport links. • Abundance of residential amenities and services including Carton House, Manor Mills Shopping Centre and Maynooth University. • The lands are located in Rail Park in close proximity to Maynooth Train Station and the M4 motorway. • Existing strong road network to be further strengthened in Rail Park with the new Maynooth Eastern Relief Road. • 14,500,000 allocation through the Local Infrastructure Housing Activation Fund (LIHAF) for the provision of this new road and bridge. • The asset forms part of lands of approx. 80 acres recently re-zoned to 'New Residential' with an expected supply of 800 new homes in this cluster. Description This superb landholding of approx. 9.29 ha (22.95 acre) is located on the eastern side of Maynooth, approx. 1.5 km from the town centre. The lands benefit from their strategic location in close proximity to both the Maynooth Train Station and M4 motorway as well as their proximity to the current residential cluster west of the lands. The lands are relatively flat and are currently in agricultural use. The Rail Park area is expected to undergo significant development in the short to medium term having recently been re-zoned to 'New Residential' by Kildare County Council. This re-zoning has, in part, been in response to the demand for new homes in Maynooth and further by the allocation of a 14,500,000 fund for the provision of the Maynooth Eastern Relief Road through the Local Infrastructure Housing Activation Fund. This new road is currently open for public consultation with a number of options available for review. It is intended that this new road will run in a largely north to south direction through the entire cluster. Maynooth The lands are located in Rail Park, Maynooth, Co. Kildare. Maynooth is a vibrant university town located approx. 23 km west of Dublin city centre. Due to its excellent infrastructure in place through regular train services and the M4 motorway, Maynooth serves as a popular commuter town. The town provides a wealth of services and amenities which include the popular Carton House Resort & Golf Course, Manor Mills Shopping Centre, Carton Retail Park and an abundance of public houses and restaurants. Rail Park is strategically located on the eastern environs of the current residential pattern of development and following its recent re-zoning, the wider Rail Park area is primed to take residential supply of approx. 800 units. This development potential will be further unlocked with the provision of the new Maynooth Eastern relief road which will provide excellent permeability to the Rail Park area. In the recently released Draft Regional Spatial & Economic Strategy, unveiled as part of Ireland 2040, Maynooth is listed as a key metropolitan town and included within the north-western corridor which is described as having strategic development opportunities which will be further complemented by the proposed DART expansion. Local Infrastructure Housing Activation Fund (LIHAF) The Department of Housing, Planning, Community and Local Government have published a list of projects which the department has selected for allocation of funding. The Maynooth Eastern Relief Road is listed as an approved LIHAF funded project with an estimated fund of 14,500,000 set for the provision of this road. It is proposed that this road will give access to the entire Rail Park landholding for the provision of an estimated 800 residential units across the various holdings. The LIHAF allocation has been specifically designated for the provision of the Maynooth Eastern Relief Road. The map below outlines the initial route options which Kildare County Council has prepared to present for public consultation. Each of the proposed options will unlock the development potential of the entire Rail Park development cluster and will more specifically service the subject lands. Landowners benefiting from the fund must contribute towards the fund by means of a combination of provision of affordable housing, housing to an Approved Housing Agency, housing to a housing charity or a cash payment in the event that other provisions cannot be satisfied. Town Planning Planning policy for the property is contained within the Kildare County Council Development Plan 2017-2023 and the Maynooth Local Area Plan 2013-2019. Following a recent material amendment to the Maynooth Local Area Plan 2013-2019, the property has been re-zoned from 'I Agricultural' to 'C New Residential' in response to the demand for new homes in the area and to maximise town resources following the LIHAF allocation. According the local area plan, lands zoned as 'C New Residential' are defined as: “To provide for new residential areas. This zoning provides for new residential development areas and for associated local shopping and other services incidental to new residential development”. The LAP notes that this zoning provides for new residential development and associated local services ancillary to residential development. While housing is the primary use in this zone, recreation, neighbourhood services, education, crèche/ playschool, clinic/ surgery uses and sheltered housing are also envisaged, subject to the preservation of neighbouring residential amenity. Development Potential This key site represents a large-scale residential development opportunity in the heart of Maynooth town with the benefit of a proposed LIHAF allocation to ensure the future development of the lands. The Maynooth Local Area Plan 2013-2019 dictates a density of approx. 30-50 units per hectare (subject to planning permission), which at these stated densities will allow for a Strategic Housing Development Application directly to An Bord Pleanala. 30-50 units per hectare would equate to a range of 279 to 465 units on the subject asset. Joint Agency Cushman & Wakefield 164 Shelbourne Road Ballsbridge Dublin 4 Tel: +353 (1) 639 9300 PSRA: 002222 www.cushmanwakefield.ie

Accommodation

BER Details

Exempt

Negotiator

Eamon O'Flaherty

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Description

Summary • Exceptional Residential Development Opportunity • Superb large-scale land holding of approx. 9.29 Ha (22.95 Acre). • Situated in the popular university town of Maynooth, Co. Kildare. • Maynooth is also a key commuter town with excellent transport links. • Abundance of residential amenities and services including Carton House, Manor Mills Shopping Centre and Maynooth University. • The lands are located in Rail Park in close proximity to Maynooth Train Station and the M4 motorway. • Existing strong road network to be further strengthened in Rail Park with the new Maynooth Eastern Relief Road. • 14,500,000 allocation through the Local Infrastructure Housing Activation Fund (LIHAF) for the provision of this new road and bridge. • The asset forms part of lands of approx. 80 acres recently re-zoned to 'New Residential' with an expected supply of 800 new homes in this cluster. Description This superb landholding of approx. 9.29 ha (22.95 acre) is located on the eastern side of Maynooth, approx. 1.5 km from the town centre. The lands benefit from their strategic location in close proximity to both the Maynooth Train Station and M4 motorway as well as their proximity to the current residential cluster west of the lands. The lands are relatively flat and are currently in agricultural use. The Rail Park area is expected to undergo significant development in the short to medium term having recently been re-zoned to 'New Residential' by Kildare County Council. This re-zoning has, in part, been in response to the demand for new homes in Maynooth and further by the allocation of a 14,500,000 fund for the provision of the Maynooth Eastern Relief Road through the Local Infrastructure Housing Activation Fund. This new road is currently open for public consultation with a number of options available for review. It is intended that this new road will run in a largely north to south direction through the entire cluster. Maynooth The lands are located in Rail Park, Maynooth, Co. Kildare. Maynooth is a vibrant university town located approx. 23 km west of Dublin city centre. Due to its excellent infrastructure in place through regular train services and the M4 motorway, Maynooth serves as a popular commuter town. The town provides a wealth of services and amenities which include the popular Carton House Resort & Golf Course, Manor Mills Shopping Centre, Carton Retail Park and an abundance of public houses and restaurants. Rail Park is strategically located on the eastern environs of the current residential pattern of development and following its recent re-zoning, the wider Rail Park area is primed to take residential supply of approx. 800 units. This development potential will be further unlocked with the provision of the new Maynooth Eastern relief road which will provide excellent permeability to the Rail Park area. In the recently released Draft Regional Spatial & Economic Strategy, unveiled as part of Ireland 2040, Maynooth is listed as a key metropolitan town and included within the north-western corridor which is described as having strategic development opportunities which will be further complemented by the proposed DART expansion. Local Infrastructure Housing Activation Fund (LIHAF) The Department of Housing, Planning, Community and Local Government have published a list of projects which the department has selected for allocation of funding. The Maynooth Eastern Relief Road is listed as an approved LIHAF funded project with an estimated fund of 14,500,000 set for the provision of this road. It is proposed that this road will give access to the entire Rail Park landholding for the provision of an estimated 800 residential units across the various holdings. The LIHAF allocation has been specifically designated for the provision of the Maynooth Eastern Relief Road. The map below outlines the initial route options which Kildare County Council has prepared to present for public consultation. Each of the proposed options will unlock the development potential of the entire Rail Park development cluster and will more specifically service the subject lands. Landowners benefiting from the fund must contribute towards the fund by means of a combination of provision of affordable housing, housing to an Approved Housing Agency, housing to a housing charity or a cash payment in the event that other provisions cannot be satisfied. Town Planning Planning policy for the property is contained within the Kildare County Council Development Plan 2017-2023 and the Maynooth Local Area Plan 2013-2019. Following a recent material amendment to the Maynooth Local Area Plan 2013-2019, the property has been re-zoned from 'I Agricultural' to 'C New Residential' in response to the demand for new homes in the area and to maximise town resources following the LIHAF allocation. According the local area plan, lands zoned as 'C New Residential' are defined as: “To provide for new residential areas. This zoning provides for new residential development areas and for associated local shopping and other services incidental to new residential development”. The LAP notes that this zoning provides for new residential development and associated local services ancillary to residential development. While housing is the primary use in this zone, recreation, neighbourhood services, education, crèche/ playschool, clinic/ surgery uses and sheltered housing are also envisaged, subject to the preservation of neighbouring residential amenity. Development Potential This key site represents a large-scale residential development opportunity in the heart of Maynooth town with the benefit of a proposed LIHAF allocation to ensure the future development of the lands. The Maynooth Local Area Plan 2013-2019 dictates a density of approx. 30-50 units per hectare (subject to planning permission), which at these stated densities will allow for a Strategic Housing Development Application directly to An Bord Pleanala. 30-50 units per hectare would equate to a range of 279 to 465 units on the subject asset. Joint Agency Cushman & Wakefield 164 Shelbourne Road Ballsbridge Dublin 4 Tel: +353 (1) 639 9300 PSRA: 002222 www.cushmanwakefield.ie

Accommodation

BER Details

Exempt

Negotiator

Eamon O'Flaherty
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Sherry FitzGerald Brady O'Flaherty
Sherry FitzGerald Brady O'Flaherty
Tel: 01 65...
PSRA Licence No. 002296
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Date created: Dec 11, 2018

BER Details

Exempt

Sherry FitzGerald Brady O'Flaherty
Sherry FitzGerald Brady O'Flaherty
PSRA Licence No. 002296
Call Agent: 01 65...