Thirty-three acre plot is zoned for residential and mixed-use development
Joint agents Savills Ireland and Hugh Morris Alliance Auctioneers are guiding €7 million for the “substantial landmark site in Kells town centre”, which is zoned for residential and mixed-use development under the Meath County Development Plan 2021-2027.
The site’s location, known as the Backlands, has two access points on Bective Street as well as a third access point on the Dublin/Navan Road making it “a strategic location for a considerable residential and mixed-use led scheme, as well as a retail outlet village”, the selling agents have said.An existing office building located to the north of the land is fully occupied. The building is understood to be generating an annual rental income in excess of €265,000.
The site has a mixture of zoning objectives that include new residential, mixed use and open space under the Meath County Development Plan 2021-2027. It is identified on the plan as one of four master plan areas in Kells, with up to 35 per cent earmarked for residential development.
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