The agents managing the sale have described this as one of the best development oppertunities in Dublin in years
The Rehab charity is to sell its Roslyn Park HQ site at Sandymount in Dublin 4. The five-acre site, a prime location for high-end residential development, is expected to sell for more than €12m or about €2.5m per acre.
As things stand, just a portion of the site is zoned for residential development, but the joint selling agents, Lisneys and Savills, that the balance of the site – currently zoned educational and recreational - could also be used for housing.
Rehab, which dominated the headlines two years ago over its corporate governorship, board and senior management pay levels, will remain in the offices on the site for four months after the closing of the sale.
It’s not clear where they will re-establish a HQ at that stage.
Ross Shorten of Lisney and John Swarbrigg of Savills describe the site as "one of the finest development opportunities" in Dublin's suburbs in recent years.
"This is a unique opportunity to deliver a high-end luxury residential development site to the market," they added.
More than 10,500 people use Rehab services in Ireland.