21-acre Limerick site selling for €4m

Having sold 33.8 acres of Limerick residential development land at Castletroy for up to €8.5 million, or €375,000 an acre, agents Savills now have a similar sized 21-acre lot on the other side of the city, price-guided at €200,000 per acre at Mungret.

Having sold 22.8 acres of Limerick residential development land at Castletroy for up to €8.5 million, or €375,000 an acre, agents Savills now have a similar sized 21-acre lot on the other side of the city, price-guided at €200,000 per acre at Mungret.

Launched this week is the Mungret land offer by private treaty, with a guide of €4 million. That price reflects the fact that c. nine of the 21 acres currently have an industrial use zoning, with the balance of 12 acres carrying more valuable residential zoning, and could take c 35 units per hectare or 12 homes to the acre.