€590,000 under gavel for 170-unit site

 Mike O'Connor sits on the national board of the REA property group
Mike O’Connor sits on the national board of the REA property group

ALL Limerick commercial lots in the most recent auction held by REA O’Connor Murrphy chartered surveyors sold, with €590,000 being paid for the final and largest. This is a development site of 15 acres off the Old Cork Road with PP secured for 170 houses.
There were four bidders.
Managing director Michael O’Connor of the firm at 100 O’Connell Street made the observation that “this is a real sign of the improved market and the demand for new homes”.
The principal purchase wad made in trust for “an out of town builder”.

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