Property Description

**Superb Fully Zoned Development Opportunity**

Highlights
- Strategic Landbank:
Substantial landholding extending to approximately 13.27 hectares (32.8 acres), ideally located in the townland of Ballybeggan, Tralee, adjacent to Munster Technological University (MTU) and just 1 km from the N69 Tralee Bypass.
- Zoning:
The lands are zoned under Variation No. 1 of the Kerry County Development Plan 2022-2028 / Tralee Municipal District Settlements Plan as follows:
- Circa 5.11 ha - R1: New/Proposed Residential
- Circa 6.94 ha - C7: Education, Innovation, Research & Development
- Circa 0.7 ha - C2.1: Industrial, Enterprise & Employment (includes a commercial yard and residential unit)
- Circa 0.52 ha - G3: Conservation, Amenity or Buffer Space, Landscape Protection (G3)

- Prime Frontage:
The property benefits from extensive road frontage on four sides, enhancing both access and development potential.

- Existing Income:
The site includes an income-generating commercial yard (7 units) and a four-bedroom detached residential property, producing a strong annual rent. Further lease details are available from the selling agent.

- Development Potential:
A feasibility study by Kane Williams Architects indicates that the C7-zoned lands could accommodate a student village for up to 900 students (STPP). The R1-zoned lands may support the development of approximately 140 residential units (STPP).

- Services:
We understand that services are readily available for connection. However, interested parties are advised to carry out their own due diligence in this regard.

- Excellent Opportunity:
This is a rare chance to acquire a well-located, mixed-zoned landbank with significant development potential for student accommodation, residential schemes, and asset management or planning-led enhancements across the remaining zoned lands.

- The property is being offered in its entire or individual lots, each zoned differently and available for separate purchase.


Location Overview:
The lands are superbly located in the townland of Ballybeggan, Tralee, adjacent to MTU Kerry North Campus and approximately 2.5 km north of Tralee town centre. The N69 Tralee Bypass is just 1 km from the property, providing excellent connectivity to regional and national road networks.


About Tralee:
Tralee is the vibrant capital of County Kerry, serving as a major commercial, administrative, and educational hub in the southwest of Ireland. The town boasts a diverse mix of educational institutions, healthcare services, retail centres, and cultural amenities. With a growing student population and excellent transport infrastructure, including road, rail, and proximity to Kerry Airport, Tralee continues to attract strong residential and investment interest. Its unique combination of economic activity, natural beauty, and heritage makes it one of the most desirable locations in the region.

Development Opportunity:
This offering presents a rare opportunity for a purchaser to play a key role in the development of a new suburban neighbourhood within one of the southwest's most dynamic economic, social, and educational centres.

The area is a highly sought-after residential location, benefiting from close proximity to a wide range of amenities, including primary and secondary schools, third-level institutions, healthcare facilities, and leisure amenities. This well-serviced setting supports both family housing and student-focused development, making it ideal for a mixed-use scheme.

Student Accommodation Market:
Ireland is experiencing a growing student accommodation shortfall, with full-time student numbers expected to rise by over 30,000 in the coming decade. This growth alone will create demand for at least 17,000 additional beds, but the total requirement by 2034/35 is projected to exceed 115,000 beds'¬"well above the current national supply of approximately 47,000 beds.
*Source: Cushman & Wakefield Student Accommodation Review 2024

Tenure
We understand the title is held Freehold.

BER Rating - Cottage E2

Guide Price:
Excess of €4,500,000

Viewings:
Viewings are available by appointment only with the sole agent.

Sole Selling Agents
McQuinn Property Services
Oakview, Brewery Road, Tralee, Co. Kerry
Tel: (066) 7129355

Solicitor
Michael F. Kelly
34 Ashe Street, Tralee, Co. Kerry
Tel: (066) 7144400
________________________________________
*Please note every effort has been taken in these particulars but naturally all interested parties should inspect the property for themselves. All sizes and measurements are approx.

BER Details

BER No. 118846641

Energy Performance Indicator: 378.94 kWh/m2/yr

This property was last updated: yesterday morning