Former Irish Jesuit Headquarters Is Up For Sale

Loyola House, Former Irish Jesuit Headquarters

A RESIDENTIAL site going for sale today at the junction of Sandford Road and Eglinton Road in Dublin 4 will be seen as the best redevelopment opportunity to have been brought on to the market since the industry took a severe hit.  Agents CB Richard Ellis is quoting €2.5 million for the three-storey house, Loyola, owned by the Jesuit order, which was extensively damaged by fire in 2007. It stands on a site of 0.512 hectares (1.25 acres) with frontage on to Sandford Road and Eglinton Road. Large detached houses in this prestigious corner of Dublin 4 – within easy walking distance of both Donnybrook and Ranelagh – were selling for more than €5 million before the market took a dive. Loyola was not listed for preservation but was one of the largest houses in the area with a floor area of 751sq m (8,083sq ft). It served as the headquarters of the Jesuit order in Ireland Only last month, An Bord Pleanála granted planning permission for an apartment development on the site with seven homes to be located in the original building and 11 more in a new block. Eight of the apartments will have two bedrooms, six will have three bedrooms and the remaining four will have one bedroom. If the site is sold at the asking price it will work out at slightly less than €140,000 per unit. At the peak of the market, sites in south Dublin sold for up to €300,000 per unit.

Link (here) to the full post at An Irish Town Planner's Blog