{"id":277251,"date":"2026-01-10T06:43:19","date_gmt":"2026-01-10T06:43:19","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/277251\/"},"modified":"2026-01-10T06:43:19","modified_gmt":"2026-01-10T06:43:19","slug":"seller-of-prime-site-in-limerick-city-for-e950k-banking-on-its-success-on-property-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/277251\/","title":{"rendered":"Seller of prime site in Limerick city for \u20ac950k ‘banking’ on its success on property market"},"content":{"rendered":"

AN IDEAL present for a property developer came on the market on Christmas Eve.<\/p>\n

HPS Real Estate are the agents for a prime development opportunity located on Lower Glentworth Street, just off O\u2019Connell Street, in Limerick<\/a> city.<\/p>\n

The site adjoins the former Bank of Ireland building and comprises a brownfield development site with full planning permission in place. It is for a mixed-use development over seven floors, comprising 21 residential apartments over a ground-floor commercial unit, with the commercial element approved for caf\u00e9 use. The asking price is \u20ac950,000.<\/p>\n

Last February, Limerick Live revealed that the former Bank of Ireland building and the adjoining site was sold for \u20ac1.75m.\u00a0<\/p>\n

It now appears that the new owner is keeping the former bank, which has planning for three apartments on the upper levels with commercial use at ground floor level, and selling the adjoining brownfield development site.<\/p>\n

READ NEXT:<\/strong>\u00a0An exclusive first look at \u20ac20m Limerick GAA centre of excellence project<\/a><\/p>\n

HPS Real Estate, which has offices in Galway and Dublin, say in promotional material that Limerick city continues to experience significant demand for residential accommodation, driven by sustained population growth, major public and private sector investment, and the ongoing expansion of key employment hubs including the city centre, docklands, and surrounding business districts.\u00a0<\/p>\n

\u201cThe shortage of high-quality, centrally located apartments has resulted in strong rental demand and investor interest, particularly for well-designed city centre schemes.<\/p>\n

\u201cFull planning permission is in place for a mixed-use development comprising 21 residential apartments over a ground-floor commercial unit, with the commercial element approved for caf\u00e9 use.\u00a0<\/p>\n

\u201cThe scheme has been carefully designed to deliver a strong mix of unit types ideally suited to Limerick\u2019s urban living market, professionals, and long-term investors,\u201d they say.<\/p>\n

The site\u2019s location within Limerick\u2019s central business district places it within immediate walking distance of O\u2019Connell Street, public transport links, retail, dining, cultural amenities, and major employers, reads the promotional material.\u00a0<\/p>\n

\u201cThis central positioning significantly enhances both rental and resale potential and aligns with national and local planning objectives encouraging compact urban growth.<\/p>\n

\u201cThere is already strong interest from a number of parties in the completed scheme, underlining the depth of demand for well-located residential stock in Limerick city centre.<\/p>\n

\u201cThis is a rare opportunity to acquire a fully consented, high-density city centre development site in a market with proven demand fundamentals and a clear delivery pathway,\u201d concludes the promotional material.<\/p>\n

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ADVERTISEMENT – CONTINUE READING BELOW<\/p>\n","protected":false},"excerpt":{"rendered":"AN IDEAL present for a property developer came on the market on Christmas Eve. HPS Real Estate are…\n","protected":false},"author":2,"featured_media":277252,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,18,19,17,7587,6216],"class_list":{"0":"post-277251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-limerick-city","13":"tag-property-watch"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115869450564458083","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/277251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=277251"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/277251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/277252"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=277251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=277251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=277251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}