Over 28 acres of prime residential land in Waterford has been sold for over 4 million euro.
The land at the Paddocks off the Williamstown road in the east of the city was put on the market last October with a price tag of 3.25 million euro.
The greenfield site is zoned residential and, according to the Irish Independent, has been bought by a national developer.
A previous planning application for 324 residential units, a creche and associated works proved controversial in the area and was rejected by An Bord Pleanála in May 2019.
The application was refused based on its layout and design and joint selling agent John Rohan said previously he did not see that as an issue based on the level of interest in the site.
Paul Nalty of Cushman & Wakefield, the other selling agent, told the Irish Independent the deal shows the confidence in Waterford City’s future potential for expansion:
"It also reiterates a particular trend we are seeing of premiums being achieved on regional assets for residential development"
