A “SUBSTANTIAL offer” has been made for the site of the long-awaited Opera Centre, which it is hoped can still revive the economic fortunes of the city.
Gordon Kearney, of Rooney Auctioneers and vice president of Limerick Chamber of Commerce, confirmed that a “substantial offer” has been made for the €12.5m site.
Mr Kearney said it would be “fantastic news for the city” if the sale goes ahead, especially at “this early stage”. He added that it would also “bode well for Limerick”, especially as a good omen for the New Year.
Savills agents in Cork are handling the sale, but the value of the offer has not been disclosed. Peter O’Meara, managing director of Savills, told the Limerick Leader last month that about “three or four genuinely interested parties” had come forward.
Banners highlighting the sale have been erected at the 44-unit site, which has fallen in value from over €100m to just €12.5m in recent years.
The promotional material highlights that this 3.2 acre site is a “high profile” site, “with the benefit of planning permission immediately adjacent to Arthurs Quay Shopping Centre and close to Cruises Street.”