Residential development potential boosts asking price for Co Cork farm

There is bound to be much interest in a 31.3-acre non-residential farm, situated just outside Carrigtwohill, Co Cork, that has just been put on the market with Midleton-based auctioneer David Keane.

Residential development potential boosts asking price for Co Cork farm

There is bound to be much interest in a 31.3-acre non-residential farm, situated just outside Carrigtwohill, Co Cork, that has just been put on the market with Midleton-based auctioneer David Keane.

The roadside property is located at Barryscourt, approximately 1km from this East Cork village which has a superb series of facilities that rival those of any city, including schools and a railway station.

With Carrigtwohill’s residential attractions in mind, the land makes for a sound long-term investment, whatever the plans of the next owner might be.

Of more immediate interest is the property’s agricultural potential.

In this regard, selling agent David Keane estimates that there are few other pieces of land out there to rival it.

“It’s top quality land,” says David. “It’s as good as you’ll get anywhere in the country. There’s no waste in the holding at all.”

After that, there is the property’s location close to a town which has been expanding for years, and which will continue to do so for the foreseeable future as a commuter town to the nearby Cork city.

So far, the north side of Carrigtwohill has been where all the expansion has taken place, but the position of the town is such that much more is expected in the coming years.

Although there are no plans yet to do so, it seems logical that it will only be a matter of time before the town expands southwards to encompass this particular holding:

“In Carrigtwohill, the zoning is all north of the village,” says David. “A time will come when they will have to go south of the village with zoning, so, going forward, it has the potential of being zoned.

“It might take another five or ten years, but it’s that close to the village that it could be part of a residentially zoned area.”

Carrigtwohill has the advantage of a superb roadway running alongside it (the N25 motorway and dual-carriageway) as well as a train station connecting it to the centre of Cork City.

The property price guide is €15,000/acre, a reasonable expectation for high quality land in this part of the world.

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