First past the post for a good Limerick bet

First past the post for a good Limerick bet
An aerial view of the site at Dock Road, Limerick which has been put on the market by Limerick Race Company for a guide price of €12m. The site is embedded in Irish history, hosting both President John F Kennedy in 1963 and Pope John Paul II in 1979.

Limerick Race Company is to sell a prime mixed use development site off Dock Road and South Circular Road, close to Limerick city centre. 

The 116.5-acre site at Greenpark was home to Limerick’s racecourse for over 130 years, closing in 1999. 

It is a site embedded in Irish history, hosting both President John F Kennedy in 1963 and Pope John Paul II in 1979, which attracted a crowd of 400,000.

According to joint agents, Savills (021-4271371) and Cushman & Wakefield (061-418111), the mixed used development site is the largest to come up for sale in Limerick for over a decade. 

Under the Rebuilding Ireland initiative, the site has been identified as a Major Urban Housing Development Site capable of accommodating 700 housing units. 

To fast-track their delivery it has been allocated €4.93m of infrastructural aid to upgrade roads and services.

The agents say the site consists of undeveloped land extending to approximately 47.16 hectares. 

It has the benefit of partial infrastructure in place in the form of an access road from the Dock Road currently used to access Limerick Greyhound Stadium.

It is a level site, with services available for connection which were upgraded in 2007 to cater for future development. 

The land is bounded by the Alandale development to the north-east. 

This gives direct access to Mary Immaculate teaching college, with a student population of over 5,000. 

The site, which is walking distance to the college, is also less than 1.5 km from Limerick centre.

Zoning of the area is for a large-scale mixed use development that could include residential, office and student accommodation. 

The agents say it has the potential “to shape the future of Limerick city” and its population of just under 100,000.

Employers in the region include Dell, EMC, Uber, Regeneron, Analog Devices, Cook Medical & Northern Trust. 

The city is home to three third level academic institutions, located 25 km from Shannon Airport with access to excellent road and rail networks.

The site is guiding at €12m with ‘Best Bids’ due by Thursday, April 11.

More on this topic

Scilly Money? Silly Walk? Kinsale's Scilly plot sale may be a super-smart step for someScilly Money? Silly Walk? Kinsale's Scilly plot sale may be a super-smart step for some

K Club back on the market with a €20m lower price tagK Club back on the market with a €20m lower price tag

Privacy with plenty of room for extensionPrivacy with plenty of room for extension

Homes at the heart of Glanmire villageHomes at the heart of Glanmire village

More in this Section

Starter Homes: Three bedroom in Little Island, Co Cork €225,000Starter Homes: Three bedroom in Little Island, Co Cork €225,000

Starter Homes: Three bed in Youghal, Cork, €275,000Starter Homes: Three bed in Youghal, Cork, €275,000

Trading Up: Three bedroom in Cross Douglas Road, Cork €335,000Trading Up: Three bedroom in Cross Douglas Road, Cork €335,000

Trading Up: Four bedroom in Timoleague, West Cork €475,000Trading Up: Four bedroom in Timoleague, West Cork €475,000


Lifestyle

Homemade ice pops are handy for many reasons, they refresh on a warm day, but also you know exactly what is in them; no strange colourings or preservatives.Michelle Darmody's home made ice pops

Sometimes travel can be more about the journey than the destination, as Caroline Hennessy and her family discovered when they took a 13-hour overnight journey from San Sebastián to Lisbon to check out the Trenhotel experienceTravelling by train in Europe - with kids

The Great Hack looks at the implications of the scandal involving Cambridge Analytica and Facebook, writes Laura Harding.When tech firms go bad: Netflix's new documentary on Cambridge Analytica / Facebook scandal

Often hailed as one of the greatest animated films ever made, The Lion King has a special place in the hearts of generations of children.New King of the jungle: The director behind The Lion King remake

More From The Irish Examiner