Rush, Co. Dublin
2.7 acre site with residential zoning near town centre and within Dublin commuter belt.
Utilise regional consultants to achieve optimal planning permission with maximum value and minimum amendments.
Planning achieved for 34 units within 12 months. Currently in building contract with established local contractor, show house due to open in February 2018.
Profit on cost: 18% (projected*)
IRR: 28% (projected*)
Purchase: July 2015
Time in planning process: Feb-16 -> Aug-16
* at current values, prices in the area are rising at more than 10% p.a. currently