Top price for prime retail land in Kildare town at auction

Auction

Paula Campbell

Reporter:

Paula Campbell

Email:

paula@leinsterleader.ie

Top price for prime retail land in Kildare town at auction

5.8 acre site sold at auction

Over five acres of prime retail land, located beside Kildare Village in Kildare town, sold for €470,000 at a public auction at the Keadeen Hotel on Thursday.

The 5.8 acre site was up for auction alongside 44 acres, all near the busy discount shopping outlet.

The 44 acre site was, however, withdrawn at €2.3 million and its sale is currently under negotiation. It was on the market for €2.6 million, and it is conveniently located directly opposite the Kildare Village retail outlet. It has planning permission in place for an enterprise and employment development, which could potentially lead to new jobs being created in the area.

The smaller site had a guide price of €425,000, and it is located across the other side of the M7 motorway from Kildare Village.

Both pieces of land fall under the Kildare Town Local Area Plan 2012-2018, and they have been earmarked for potential use already. Lot 1(the 5.8-acre site) has been zoned for industrial and warehouse use, and there is also planning permission granted for a drive-thru, a hotel, retail units and offices on the land.

The sale was carried out by joint agents Lisney and Conway Auctioneers.