Development Site - O'Connell Street

HPS Real Estate are delighted to bring to the market this prime city centre development opportunity located just off O’Connell Street on Lower Glentworth Street, within Limerick’s established Central Business District (CBD). The site adjoins the former Bank of Ireland building and comprises a brownfield development site with full planning permission granted.

Limerick City continues to experience significant demand for residential accommodation, driven by sustained population growth, major public and private sector investment, and the ongoing expansion of key employment hubs including the city centre, Docklands, and surrounding business districts. The shortage of high-quality, centrally located apartments has resulted in strong rental demand and investor interest, particularly for well-designed city centre schemes.

Full planning permission is in place for a mixed-use development comprising 21 residential apartments over a ground-floor commercial unit, with the commercial element approved for café use. The scheme has been carefully designed to deliver a strong mix of unit types ideally suited to Limerick’s urban living market, professionals, and long-term investors.

Accommodation Schedule:

Ground Floor:
Commercial café unit

First Floor:

1 x Studio

2 x One-bedroom apartments

1 x Two-bedroom apartment

Second Floor:

1 x Studio

2 x One-bedroom apartments

1 x Two-bedroom apartment

Third Floor:

2 x Two-bedroom apartments

1 x One-bedroom apartment

Fourth Floor:

1 x Studio

1 x One-bedroom apartment

2 x Two-bedroom apartments

Fifth Floor:

3 x Two-bedroom apartments

Sixth Floor:

2 x Two-bedroom apartments

1 x Studio apartment

The site’s location within Limerick’s CBD places it within immediate walking distance of O’Connell Street, public transport links, retail, dining, cultural amenities, and major employers. This central positioning significantly enhances both rental and resale potential and aligns with national and local planning objectives encouraging compact urban growth.

Full architectural drawings, planning documentation, and access to a secure data room are available upon request.
There is already strong interest from a number of parties in the completed scheme, underlining the depth of demand for well-located residential stock in Limerick city centre.

This is a rare opportunity to acquire a fully consented, high-density city centre development site in a market with proven demand fundamentals and a clear delivery pathway.