Development Lands, Foynes, Limerick

Development Land Contract Deposit Applies
Starting Price* 110,000

Bidding available from
26th September 2019 12:00
until
26th September 2019 12:30

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Deposit & Charges Explained

Property Overview

The Munster Property Auction in partnership with West Property Group.

Offered at bids above €110,000

Prime development opportunity situated in this most popular location on the outskirts of Foynes.

The property comprises two development sites, the first comprising a c. 2.42 hectare (6 acres) with full planning permission for a 28 bedroom hotel.

The second site comprises a c. 4.85 hectare (12 acres) with an expired full planning permission for 38 dwellings.

There are an additional c. 5 acres that provides provision for an access road with the entire holding extending to c. 9.18 hectares (22.7 acres).

Both sites offer extensive views over the Shannon estuary and the sites can be purchases in 1 or 2 lots. The lands offer extensive potential with numerous alternative uses, the lands maybe suitable for once off housing or multiple housing units subject to the necessary planning consent.

Foynes is a town situated on the southern shore of the Shannon Estuary in the west of County Limerick on the N69 scenic driving route. Foynes has a picturesque main street of limestone cut buildings and is home to a major deep water seaport, with capacity for very large vessels. This port is nationally significant as the second largest seaport in Ireland. The port has witnessed major development in the past number of years and plays a significant role in the towns economic structure. A recent publication by Shannon Foynes Port Company sets out a master plan in order to promote and support the provision of port infrastructure and services in the Shannon Estuary for the next 30 years.

The master plan looks specifically at growth and expansion options at its facilities at Foynes Port and Limerick Docks.
See link to master plan
http://www.sfpc.ie/about-us/port-development/sfpc-masterplan/ also see link to video on the region by SFPC http://www.sfpc.ie/about-us/shannon-estuary-dvd/

These development lands offer an excellent opportunity to acquire lands that will suite varying requirements, for a once off house or larger scale opportunities subject to the necessary planning consent in what is one of the most exciting and opportunistic towns in Ireland.

Full maps & details available from agent.

TO VIEW OR MAKE A BID - Contact West Property Group on 069 77055 or visit www.munsterpropertyauction.ie

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.

Auctioneer's Comments

This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.

Building Energy Rating (BERs)

Building Energy Ratings (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

Request full details for this property

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West Property Group

Local Branch: Market Court, Newcastle West, IREL AND
Head Office: Market Court, Newcastle West, LIMERICK

Deposit & Charges Explained

Development Lands, Foynes

Online Auctions

A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.

The minimum deposit amount noted above is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to IAM Sold client account to authorise them to bid on the Online Auction (please note, this option may take several days).

The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.

Any balance of the full contract deposit must be paid by the successful bidder to IAM Sold within 48 hours of acceptance of their bid. The deposit balance can be paid by bank draft (made out to IAM Sold), same day bank transfer to IAM Sold client account or by debit card.

All unsuccessful bidders will have their pre-authorisations released immediately OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.

Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.

Public Auction Event

A 10% non refundable contract deposit (minimum deposit of €6,500.00) is payable immediately on the fall of the hammer for a successful bid. The deposit must be paid in cleared funds either by Bank Draft (made out to IAM Sold) or by Debit Card.

Need More Information?

For further information or to speak to one of our team, please call 021 234 9696.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

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