Chance to fix housing shortage in Listowel
Published 11/02/2017 | 00:00
A 17-acre site in Listowel on which it was intended to develop over 200 houses at the height of the boom and which is now back on the market, could solve the town's housing needs at a stroke if the Council was to buy it, as some are now urging.
Dun Alainn - comprising up to seven occupied homes, three partially-completed units and four 'sub-structure' units at foundation level - is back on the market at a fraction of its boom-time value on a guide price of €325,000.
The Nama-controlled site is being sold by the receiver through Limerick-based agents Cushman and Wakefield who believe it represents an attractive proposition for an investor committed to developing it in phases.
While planning has lapsed for the units not yet developed, the site exists on residential zoned land, which is at a premium in the town following the widescale dezoning carried out after the crash. Fianna Fáil Cllr Jimmy Moloney has urged the authority to consider buying the site: "They should look at it. There are 550 on the housing list and I know the council is seeking residential property across town. It could also alleviate demand in the private rental sector."