Development Site, Fernhill Road, Carrigaline, Co. Cork

€2,500,000

Beds
Price	€2,500,000
Property Type	Development Land
Size	0 meters²
Energy Rating	BER-Exempt
Refreshed on	Oct 24, 2024
Eircode
Group Name	Sherry FitzGerald Commercial
Sales License Number	001628

Description

Highlights:- • Superb development opportunity in an established residential location within walking distance of Carrigaline town centre • Site area extends to 4.62 acres • Zoned for Residential Development • Regular shaped level site with road frontage of 129 metres • Excellent transport links with the proposed new M28 motorway in close proximity Description The site extends to approximately 1.87 hectares (4.62 acres) and is zoned for residential development. The topography is level throughout with access via Fernhill Road along the eastern boundary. The site is regular in configuration and offers an ideal opportunity to create a bespoke residential development subject to obtaining planning permission. Location The property is situated in a popular residential area just east of Carrigaline town centre, on the west side of Fernhill road and 1km south of the N28 Cork to Ringaskiddy road. Carrigaline is a thriving town just 12km south of Cork City and is becoming one of Cork's most sought after locations. The town has excellent transport links and Bus Eireann operates regular services through the town connecting to Ballincollig, Cork City, Ringaskiddy and to Crosshaven and Fountainstown. The property is conveniently located within walking distance of Carrigaline town centre. The property is within a 5 minute drive of Ringaskiddy, 10 minute drive to Douglas and a 20 minute drive of Cork city centre. The property has the benefit of being only a 10 minute drive from the coast and the popular Myrtleville beach. The town has excellent transport links and Bus Eireann operates regular services through the town connecting to Ballincollig, Cork City, and C.I.T. Ringaskiddy and to Crosshaven and Fountainstown. Carrigaline is the largest town in Cork County with a population of 16,000 people and is a popular commuter town close to several major employment hubs. Ringaskiddy is one of the largest employment hubs in the pharmaceuticals sector in the Cork region with over 3,800 employees and some of the world's leading pharmaceutical companies are located there including Novartis, Pfizer, Glaxosmithkline, Janssen, De Puy Synthes and Biomarin. All of these are within easy reach of this development site. The town benefits from a range of amenities and shopping, leisure, medical & convenience services including Carrigaline Primary Care Centre, sports clubs, local shops, restaurants, pubs, cafes and the 4 star Carrigaline Court Hotel. Education is well catered for in terms of pre-school, Gaelscoil, primary and secondary schools and adult education services. this development site. Carrigaline has an excellent history for high quality residential developments, with strong demand for new homes in the area. Zoning & Development Potential The property is situated in an area zoned “Existing Residential/ Mixed Residential” in the Cork County Council Development Plan 2022-2028. Based on the Sustainable Residential Neighbourhood guidelines the density range for sites such as the subject property range from 15 to 25 units per acre. Taking this into consideration and the location of the site we would expect planning permission to be granted for a scheme of between 60 to 70 houses. In the Cork County Development Plan, The Cork County Council sets out a target growth of 30% in the population of Carrigaline by 2028 and this level of population growth will give rise to in the region of 1,800 housing units. It is intended to upgrade the N28 road from Cork City to Ringaskiddy to a motorway. Planning permission has been granted for the M28 and it is hoped that construction will start in 2024 with completion in 2027. The relocation of the Port of Cork to Ringaskiddy, along with the approval of the M28 road network, positively positions these lands for strategic development. Services Interested parties are required to satisfy themselves on the adequacy and availability of all services to the property. Viewing Viewing strictly by appointment with sole selling agent Sherry FitzGerald Commercial.

Accommodation

BER Details

Exempt

Negotiator

David McCarthy

Description

Accommodation

BER Details

Exempt

Negotiator

David McCarthy