High profile site just off the Dock Road and South Circular Road. Site extends to approximately 47.16 hectares (116.5 acres). Benefit of multiple zonings to include residential and mixed use development. Within close proximity of Limerick City Centre, Mary Immaculate College and The Crescent Shopping Centre. Potential to develop a high quality mixed use scheme (SPP). LIHAF Funding of €4.93m potentially available to aid development. Bid Date - Thursday 11th April 2019 (Unless Previously Sold).
Location: The subject property is located north of the N18 just off the Dock Road approximately 1.5km south west of O'Connell Street in Limerick City Centre. The surrounding area is a mix of commercial, residential and leisure activity. Dennehy Motors, Fleming Medical, McMahon's Builders Providers and the Docklands Business Park are all located off Dock Road while mature residential estate type developments such as Castlewell, Greenpark Avenue and Log na gCapall are all located along the eastern boundary of the site. The location offers excellent access to and from the City Centre and ease of access to both the M20 and M7 which connects the property to Cork and Dublin respectively.
Description: The subject property comprises an undeveloped greenfield site extending to approximately 47.16 hectares (116.5 acres) in total. The site is largely irregular in configuration and is generally flat throughout. The site, which was formerly in use as Limerick Race Course is currently laid out in grass and has the benefit of partial infrastructure in place in the form of an access road off Dock Road which is currently used to access the Greyhound Stadium. The land is also capable of being accessed off South Circular Road via Greenpark Avenue on the eastern boundary of the site. Zoning: Under the Limerick City Development Plan 2010/2016 (Extended) the land is zoned as follows; 2A Residential; 5A Mixed Use; 5C Neighbourhood Centre and 6A Public Open Space. Adjoining Planning Permission: Full Planning Permission granted in November 2018 under reference 171190 for the development of 30 residential houses. Method of Sale: The sale is being offered for sale by Private Treaty with Best Bids invited by Thursday 11th April 2019 (unless previously sold). Further Information: Interested parties will, at the vendor's discretion, be provided with access to a dedicated Data Room. The Data Room contains comprehensive information including a site map; services report; planning report, flood risk assessment, title information and details of the bidding process. Contact: Peter O'Meara; +353 21 490 6114; email@example.com James O'Donovan; +353 21 490 6120; firstname.lastname@example.org John Buckley; +353 61 418 111; email@example.com Ciara McCarthy; +353 61 418 111; firstname.lastname@example.org
Date created: Feb 14, 2019