‘Mixed Use’ lands with significant potential for development sold in Drogheda.

Bannon were delighted to act on behalf of client, Belgard Estates Ltd (a subsidiary of CRH plc), in the sale of their lands at Slane Road.  It is a substantial landholding on the outskirts of Drogheda which extends to a gross area of approximately 18.6 ha (45.6 acres).  

The entire site is zoned ‘Mixed Use’ in the Louth County Development Plan 2021-2027 and presents an excellent opportunity to advance a mixed-use scheme with residential and commercial uses, subject to planning permission.  M1 Retail Park, which is occupied by Woodies, Smyths, Sports Direct and Dealz is situated less than 500 metres to the north-west.  Drogheda is earmarked to further expand on its status as the largest town in Ireland with a target population of 50,000 by 2031.  The town has been designated a self-sustaining employment centre on the Dublin-Belfast (M1) Economic Corridor. 

The property garnered significant interest from a range of parties.  Following a tender process, a local property speculator secured the property.  The guide price was €3.75m.