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Prime Development Site brought to Market in Limerick City

Posted on 06 August 2019
Prime Development Site brought to Market in Limerick City

Power Property and Savills have been appointed joint agents by Shannon Foynes Port Company to market for sale a superb development opportunity located on the Dock Road in Limerick City Centre. The site, which has extensive frontage on to the Dock Road, was the former retail premises for Heiton Buckley, the DIY and building materials wholesalers and extends to approx. 2.71 Ha (6.7 Acres).

According to the Joint Agents; “The development site, is a prime parcel of brownfield lands which could be developed for a number of different uses, located in the heart of the commercial hub of Limerick City on the Dock Road.”

The site is situated in an area that has been earmarked for substantial Redevelopment. In March 2018, Minister of State at the Department of Finance & Public Expenditure & Reform, Patrick O’Donovan launched Shannon Foynes Port Company’s framework strategy to transform 75 acres along Dock Road into an economic hub for hundreds of employees. The programme, which could involve a minimum cost of €100m proposes to retain the working port at Limerick and redevelop surplus port assets at the Ted Russell Docks, Corcanree Business Park & refurbish the Bannatyne Mills. The aim of the project is to promote Limerick Docklands as an Economic Park and commercial hub for up to 300 employees in the short term
alone.

“Such a development opportunity as this is a rare occurrence in the heart of Limerick City, with a wide number of potential uses for the site itself, as well as the benefit of the site being in the heart of Limerick City’s commercial core, we anticipate a good level of interest from developers and retail operators who would see this as an ideal opportunity to acquire an extensive high profile site within close proximity of the city centre.”

The site is being offered for sale by Private Treaty and further details are available from Power Property Limerick Office Tel: 061 3188770 or Savills Cork Tel: 021 4271371