Fernhill Estate in Sandyford to be purchased by DLR CoCo

€4.25 million paid for the 84-acre Fernhill Estate in Sandyford ...

The property was sold for about €45 million in 2008 and was subsequently taken over by Nama.

It went on the market in April at a guide price of €5 million.

“I can confirm that the council has entered into a contract for the purchase of Fernhill House and Gardens at a cost of €4.25 million,” a spokeswoman for the council said. “The sale has not yet closed but we expect that it will close shortly.”

Fernhill House and Estate, dates back to the 1723 or thereabouts and has evolved into a spectacular small estate on the outskirts of Dublin City.

The site covers some 84 acres, more tha half of which are wooded. The property is close to housing developments at Park View, Belarmine and Aiken’s Village. The area has been identified as being in need of a public park based on the high density housing developed over the past 10 years. The estate was open to the public but has been closed for the past number of years.

Article Published: 09/12/2014