The Munster Property Auction has been instructed in partnership with Property Partners Barry Herterich, Tramore on the sale of the former 'An Post Sorting Office' and adjoining building. The site measures an area of approximately 0.37 acres and links Custom House Quay and High Street and is expecting bids of over €250,000.
The 'Viking Triangle' area of Waterford City has seen the successful rejuvenation of several major buildings in recent times, says the firm.
The site previously had planning permission (now expired) for a 32,000 ft mixed use development scheme of offices and café/restaurant.
Patrick Convey, who is handling the sale, said the property offers "huge potential to interested parties to develop the site into a substantial commercial development in a pivotal location with frontage onto The Quays".
The property is zoned for 'City Centre Commercial' use in the current 2013-2019 Waterford City Development Plan.
Mr Convey of the Munster Property Auction added, "the subject property provides potential purchasers an excellent opportunity to secure a unique and substantial site with frontage onto Waterford's Quays.
"The area is the focal point in Waterford City for tourism, retail, business and social activities such as the Theatre Royal.
The property will go forward with 25 other lots at our Public Auction Event on the 3 December in the Rochestown Park Hotel, Douglas, Cork City at 7pm," he added.
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