‘An interesting prospect for an incoming developer’

Joint agents Savills and Egans have launched a development land opportunity, including in part, a ready-to-go residential site to the market, located at Abbeybrook, Kilbeggan.

The property is located some 500m from Main Street via the Tullamore Road. The surrounding area is primarily residential in nature and Main Street Kilbeggan has an array of commercial and retail interests.

Kilbeggan is a popular commuter location as it is only a 50-minute drive to the M50, 15 minutes to Mullingar, 10 minutes to Tullamore and 20 minutes to Athlone.

The site, extending to approximately 8.82 Ha (21.8 ac) overall, sits in a strong location adjacent to the well-established Abbeybrook residential development which consists of 96 residential units.

This development has a proven track record in recent years, with a number of sales having transacted, including the successful sale of 32 new homes in recent times.

The Abbeybrook lands come with the benefit of full planning permission for a residential development of 69 dwellings, providing a range of unit types for an incoming purchaser.

The residential element of the site is in shovel-ready condition, allowing ease of development for any prospective purchaser of the land. The sales boundary also incorporates a further 16 acres with differing zonings including enterprise and employment, community and open space.

The site is being offered by way of private treaty at a guide price of €500,000 subject to contract.

A representative of the joint selling agents Savills and Egan’s said: “The lands at Abbeybrook, present an interesting prospect for an incoming developer, in particular the opportunity to acquire a ready-to-go residential site, adjoining an established residential development.

“Kilbeggan is an attractive destination for home owners due to its close proximity to Tullamore, Athlone, Mullingar and it is within of a 50-minute drive of the M50.”