Limerick’s Opera Centre site is in demand

Anne Sheridan

Reporter:

Anne Sheridan

“GENUINE interest” has been expressed in purchasing the €12.5m Opera Centre site in the city by a number of buyers.

“GENUINE interest” has been expressed in purchasing the €12.5m Opera Centre site in the city by a number of buyers.

The sale agents, Savills, said the site will be officially launched for sale this week.

“There has been good interest in the site, with about three or four genuinely interested parties coming forward,” said Peter O’Meara, of Savills in Cork.

Banners will be erected this week and brochures distributed to highlight the sale of the property, 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 Arthur’s Quay shopping centre and close to Cruises Street.”

The site has the benefit of two approved planning applications, however the second extends into property not on sale – namely the Granary site, which is home to the now defunct Trinity Rooms nightclub.

*A full version of this story was published in the print edition of Limerick Chronicle, dated October 11, 2011