Kenure Gate

Rush, Co. Dublin

The Opportunity

2.7 acre site with residential zoning near town centre and within Dublin commuter belt.

Strategy

Utilise regional consultants to achieve optimal planning permission with maximum value and minimum amendments.

Implementation

Planning achieved for 34 units within 12 months. Currently in building contract with established local contractor, show house due to open in February 2018.

Results

Profit on cost: 18% (projected*)
IRR: 28% (projected*)
Purchase: July 2015
Time in planning process: Feb-16 -> Aug-16
Under construction

* at current values, prices in the area are rising at more than 10% p.a. currently

A colour CGI image showing a view of houses at the Kenure Gate, Rush, Co Dublin residential development of Westhill