€150k an acre for plot of land in Dundalk

An asking price of €1,500,000 has been quoted for a 10 acre plot of development land outside Dundalk, that has just gone on the market.

Described by estate agent REA Gunne as "a rare opportunity to acquire prime commercial development lands comprising c.4.05 hectares (10 acres), zoned E1 - General Employment", the property is located at New Inn, Faughart, Dundalk.

REA Gunne goes on to say that "motorway-fronting lands of this scale, zoning and accessibility are increasingly scarce, offering both near-term development potential and long-term strategic value for developers, investors and suitable end users alike."

Land which are zoned E1 - General Employment, can in principle be used for industrial / light industrial development; warehousing & logistics; enterprise and business park uses; research & development / high-tech manufacturing; ancillary offices associated with employment uses.

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These particular, the estate agent added, benefit from: extensive high-profile frontage onto the M1 Motorway; direct vehicular access via Junction 18 / Dundalk Eastern Bypass; a strategic, motorway-adjacent location within an established employment corridor; immediate area set for major development; and, a regular site layout capable of accommodating a range of development formats".

To find out more about the property, contact REA Gunne Commercial Department on 042 933 5500.