A key development site with mixed-use zoning on the edge of Drogheda town is to be offered for sale on behalf of CRH, the international building materials group.
Cian McMorrow of development land consultants Bannon is quoting €900,000 for the 45.56 acres close to Junction 10 off the M1 motorway and about 1.5km northwest of Drogheda town centre.
The site is zoned for a business park or new economy business under the Drogheda Council Development Plan 2011-2017, and is likely to be of interest to a range of developers. It is also expected to attract the attention of Davidson Kempner, a US hedge fund which bought the M1 Retail Park close by as part of the Projects Parks portfolio.
The land also adjoins St Oliver Plunkett’s GAA club, and is within view of a number of housing developments on the opposite side of the Slane Road.
McMorrow said the zoning was quite broad allowing for uses such as offices, warehousing, a garden centre, petrol station and hotel development. There was also an opportunity for a purchaser to create a master plan and identify the appropriate uses for different end-users.
