Peadar Hegarty of Hegarty Properties, now moving into agricultural sales as part of the firm’s relocation to new offices in Midleton, will sell this prime 50 acre holding.
The land, which has a laneway access near Kerry Pike village, has views northwards to the Nagle Mountains, and looks south over the bend of the Lee at the Angler’s Rest.
This is a highly protected area, planning-wise, and so far this farmland isn’t zoned for housing, but that may change.
On either side of the property are land banks held by the Bradley Brothers and D and J building companies.
Development of these zoned tranches rests on the provision of infrastructure; waiting for a sewage connection from Blarney has held up development so far.
As a village nucleus, Kerry Pike fits the preferred growth pattern of Council planners, but any zoning change may have to wait for the next county development plan.
In the meantime, there is the contentious issue of the North Ring Road, which Cork city manager Joe Gavin last week described as ‘crucial’ to Cork’s competitiveness and an immediate necessity, rather than a long term plan.
The optional routes for this final link in the city’s orbital route include Kerry Pike; this particular parcel of land for sale with Hegarty Properties could be traversed by the North Ring Road.
A decision on the road route has been postponed from October this year to June of next year, at which stage, ‘an emerging, preferred route’, will be announced, according to a council spokesperson. In the meantime, it will be mainly property developers and not farmers who’ll walk the land at Coolymurraighue with Peader Hegarty. The guide price of €2m, or €40,000 per acre, reflects the development hope value of the property.
In the meantime, there’s always the option to lease the land to someone who’d appreciate its cattle fattening qualities, as opposed to how many houses per acre could be achieved, if planning permission were possible.
Stunning views over the River Lee are part of the package here, but it’s likely that development will be ring-fenced to the village side of the farm, as the Lee Valley would still be classed as an Area of Special Conservation.