Potential for rezoning of Duagh land

DUAGH Farm, with its 85 acres, is just outside Waterford city, and is one of two significant land sales in the region this month.

“This property features prime land with substantial long-term development potential, subject to rezoning.” says selling agent John Rohan of Rohan Auctioneers.

Duagh Farm is adjacent to major residential areas and the IDA industrial park, as well as Waterford’s Institute of Technology.

Most importantly, the land is close to the new ring road, due for completion later this month, a plum location in terms of development, although not zoned yet.

The land and its attractive 1800s residence will go under the hammer on September 28, with a pre-auction guide price of €2.5m.

Meanwhile, O’Shea O’Toole and Partners sell a farm with development potential, close to Tramore, through public tender.

Unusually, the 165-acre property is being sold by way of transfer of shares in Lodge Farms Ltd, which will reduce stamp duty, say the agents, whose guide price is €7m.

They point out that it’s close to the proposed new Tramore racecourse site, and while currently zoned agricultural, will have medium term development potential.

Tramore, seven miles from Waterford city, is one of the fastest growing towns in the South East.