Mullingar Road, Kinnegad, Co. Westmeath, N91D566

Lydon Farrell Property are privileged to market a substantial landbank extending to 9.41ha / 23.26 acres strategically located in the heart of Kinnegad Town. The property presents a rare opportunity to acquire a strategic land bank in a prime location within ease of access to the M4/M6 and Mullingar. Large sites such as this are exceptionally scarce within the Greater Dublin area, making this a compelling long term opportunity for developers and investors seeking a site of scale with strong accessibility and future growth potential. The majority of the lands are contained in folios WH7639 (0.24ha / 0.58 acres) WH114705, (9.03ha / 22.31 acres) and folio WH1220 which extends to 0.15ha / 0.37 acres that includes a vacant two bedroom semi-detached house (Eircode N91 D566) that would qualify for the vacant property refurbishment grant. Part of the subject lands were granted planning permission in March 2023 for a retirement village. (Planning reference 22325). The proposed development comprises of a 108 bed two storey residential care home, 30 one bedroom single storey assisted living units, 15 two bedroom single storey independent living units, a community hall and a new junction and access road off the Mullingar Road. Kinnegad is a town situated on the border of Meath and Westmeath with a population of 3,064 as of the 2022 census and is viewed as a key commuter hub to Dublin and a "gateway to the west" located at the intersection of the M4/M6 motorways connecting commuters to Dublin and the M50 within a 45 minute drive. The lands are contained in the Westmeath County Development Plan which is due for renewal in 2027 and this holding offers a unique opportunity to benefit from rezoning initiatives and future planning cycles. The recent revision of the National Planning Framework, which has increased national housing delivery requirements to approximately 50,000 homes per annum to 2040, well located strategic landholdings such as this could be at the centre of future housing supply. The site’s strategic positioning, combined with sustained demand for residential in the region underpins its long term potential for residential rezoning or alternative uses through future county development plans. Opportunities of this strategic nature are increasingly scarce within the Greater Dublin Area, where population and employment growth continue to outpace the supply of zoned and serviced land at scale. Viewings by appointment.