JLL and Rooney Auctioneers, which is based in Limerick, estimate a price tag of €1.75 million for a prime property situated in the heart of Limerick city. 94 O’Connell Street is up for sale and comes with an existing permit for a mixed-use development, which includes plans for 24 flats and commercial premises on the ground floor. The selling agents believe the site is in an optimal location to benefit from the city’s ongoing urban renewal initiatives, and it is predicted to appeal to both residential and commercial occupants.
The flats have been architected to cater to a wide variety of prospective tenants – from professionals to families and students – making them fitting for either the private rental or owner-occupier market. The commercial area, on the other hand, showcases flexibility in its design, making it suitable to be converted into a retail establishment, a dining venue, or an office space.
Ollie Lyons from JLL and Gordon Kearney from Rooney Auctioneers assert that the site provides an excellent prospect for developers, with preparations already in place for a project poised to make a substantial positive impact on the city’s urban scenery.