Re: Re: well what about the developments popping up in the shannonside ?
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Just to add to developments on that side of town (from Todays indo below….) It really is getting a bit mad. I know there is a huge market out there with UL and associated villages and the vast amount of housing in Castletroy/Monaleen/Annacotty/Roxboro Road etc but the amount of development there is gone nuts. By the time all these developments are complete, the ring road and Tunnel will also be complete. This will surely have an effect on the traffic in this area. The Limerick – Nenagh section of the N7 is also underway is it not?
Debenhams wasnt the name I heard either Mike 😉 but wasnt there talk of that whole block including Liddy Street and Arthurs Quay being knocked for a major retail devlopment to compliment the Opera Centre located over the current Arthurs Quay park?. Apparently the retailers in those areas were on board as well??
Pub development site has cheque books flapping
PUB premises with development prospects are among the hottest items on the market today. So the sale of a top bar/restaurant on a key 11 acre site at Limerick’s busiest interesections looks sure to set cheque books flapping.
The “ready to go” serviced site on the Dublin Road is bordered by the southern ring road and the R445 Limerick city feeder road. This is the most prominent and elevated site at the southern ring road intersection, forming the natural gateway to Limerick city with in excess of 31,000 vehicles passing every day.
The nationally renowned Finnegan’s Restaurant and Bar sits on a portion of the site and forms part of the private treaty sale through Savills Hamilton King’s Cork office.
The site offers tremendous development potential with unrestricted zoning under the current Limerick Co Council Development Plan. Potential uses may include retail, office, residential, or motorway services (akin to the British model) as sought by the NRA or business park.
Currently the site has the benefit of planning permission for a 101-bedroom hotel and business suites with profile along the Cork Killarney N20/N21 road, as well as a permission to extend Finnegan’s.
The site has extensive road frontage of 440m to the Adare/Annacotty bypass and approximately 240m to the Dublin Road.
It is for sale by private treaty, with the option of a company purchase – thus achieving significant tax savings. The existing Finnegan’s business sitting on 1.75 acres is valued at â‚¬7m with the remaining 9 acres of high profile development lands, including the hotel site valued at â‚¬2m per acre.
“This represents excellent value when one compares this trophy site with similar properties in Cork and Galway and the prices they have achieved,” said Peter O’Meara of Savills HOK.