um, yes, bits of it are fairly close to the city centre but its a ring road - some bits are a tad further away from the pubs than others. Are you staying somewhere on/near the road? If you could be more specific I can give you some idea of how far you have to hoof it...
I know them - used mainly for WIT student accommodaton during the academic year. About a twenty five minute walk to main night life from apartments, another five minutes to city centre/cinema.