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Residential development site of approx. 21 acres for sale with guide price of €1.6m

Featured Residential development site of approx. 21 acres for sale with guide price of €1.6m

 

 

 

 

A residential development site in Athlone with expired planning permission for 163 residential units is being offered for sale by Savills Ireland.

  Situated on the outskirts of Athlone town centre, the subject site offers the opportunity to acquire lands that have development potential for a variety of uses, including residential, having been allocated three zoning objectives under the Monksland/Bellanamullia (Athlone West) Local Area Plan.  These include, New Residential (approx. 5.7 acres), Strategic Residential Reserve (approx. 5.9 acres) and Recreation and Amenity (approx. 9.5 acres).

  Extending to approx. 8.52 ha (21.05 acres), the site is roughly rectangular in shape with good access off the R362 road. The site was previously occupied by two dwellings, which have since been demolished and cleared.

  The site previously had the benefit of planning permission for 163 residential units (predominantly houses) and a crèche, which has now expired.

  Athlone town centre, which is located within a 10-minute drive of the site, offers an array of amenities including Penney’s, Dunnes Stores and Zara, as well as several cafes, restaurants and bars. The area also has the benefit of several schools and sports clubs, making it a desirable residential location.

  The subject site has good accessibility with Athlone train station and the M6 motorway a key road linking Athlone to Dublin and Galway located within a few minutes’ drive. Bus routes, A1 and A2, are also located nearby, providing access to Athlone Town Centre within approx. 20 minutes.

  Johnny Hanrahan of Savills Ireland comments: “The site offers developers and investors the opportunity to create a relatively large housing scheme, one that is much-needed in the current climate where there is a shortage of housing. We therefore expect to see a good level of interest in the site”.

  For further information, please contact Johnny Hanrahan, Savills Ireland on 01-6181433.

 

 

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