City site breaks record as it sells for €4.9m

A 1.3 ACRE site in the heart of Waterford city has sold at auction for €4.9 million – over twice its guide price and a record for the region.

The site at Railway Square was bought at auction yesterday morning by Cork solicitor, James Whelan, on behalf of an unnamed client.

The site was owned by Waterford City Council, which will pump the money back into urban renewal programmes in the city, making it an even more attractive investment location.