DEVELOPMENT SITE IN AN EXCELLENT LOCATION.
MULTI-UNIT DEVELOPMENT OF EIGHT 2-BED APARTMENTS TO THE REAR OF THE SITE.
FULL PLANNING FOR 29 RESIDENTIAL UNITS IN FRONT SECTION OF SITE.
Notice to terminate have been issued to all tenants within the property and vacant possession is expected in late April 2023.
Planning permission has been granted for the demolition of the older block to the front of the site and planning has been granted for the reconstruction on 29 residential units comprising of 26 no. 2 bed apartments and 3 no. 1 bed apartments.
Planning granted under planning register no. 20/928.
Development site opportunity with planning granted for 29 residential units (mix of 1 & 2 beds). Part of the site has a multi-unit development comprising of a 2 storey modern block of 8 apartments each 2 bedroomed.
Existing Block - multi-unit block of 8 apartments which were producing an income of approx. €90,000 per annum - notice to terminate have been issued to all tenants.
This development site/multi-unit development is situated in the suburb of Raheen, Limerick City. Neighbouring occupiers include Crescent Shopping Centre - 320m, University Hospital Limerick - 500m, Raheen Business Park - 1.5km.
These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them. Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers (Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.