Railway Stores, Parnell Street, Limerick City

For Sale by Private Treaty
Guide Price: €500,000

Overview

HPS Real Estate is delighted to bring to market two adjoining three-storeycommercial units, positioned directly beside the Railway Hotel on ParnellStreet, Limerick City, opposite Colbert Train Station.

These units form part of the wider Railway Hotel holding but are available as astandalone lot, offering investors and developers a highly attractivecity-centre opportunity with established precedent for significantredevelopment.

Previous Planning Permission

The property previously benefitted from full planning permission (now lapsed)for the demolition of the existing buildings and construction of a four-storeymixed-use development extending to approx. 1,040 sq.m.

The approved scheme provided for:

Ground-floor retail unit of 210 sq.m. with direct access from Parnell Street.

10 apartments across the upper three floors:

8 x one-bedroom units

2 x two-bedroom units

All associated site works to facilitate the development.

Although this permission has now expired, it demonstrates the strong potentialto deliver a high-density mixed-use scheme, complementing the adjoining RailwayHotel property.

Location

The commercial units enjoy a prime city-centre position adjoining the RailwayHotel and opposite Colbert Station, Limerick’s main transport hub. Thislocation ensures high daily footfall, excellent connectivity to rail and busservices, and immediate proximity to retail, hospitality, and commercialoccupiers.

The area is experiencing significant regeneration and investment, reinforcingdemand for new residential and mixed-use developments.

Zoning & Incentives

Zoned City Centre under the Limerick Development Plan 2022–2028, supporting abroad range of uses.

Located within the Living City Initiative (LCI) area, offering up to €200,000in income tax relief on qualifying refurbishment or conversion works.

Summary

Two adjoining three-storey commercial units, positioned beside the RailwayHotel.

Landmark location opposite Colbert Train Station in Limerick City Centre.

Previous planning (lapsed) for a 1,040 sq.m. four-storey mixed-use developmentwith retail and 10 apartments.

Excellent redevelopment potential with clear precedent established.

Guide Price: €500,000.

Contact

Ryan Hanly, Managing Director
HPS Real Estate
E: ryan.hanly@hpsproperty.ie
| M: +353 87 638 9680
13 Adelaide Road, Saint Kevin’s, Dublin 2, D02 P950
PSRA Licence No: 004782-010589
www.hpsproperty.ie

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