Boatyard site launch

NOT only have the boats sailed or sunk, but the tide has run out on a Cork harbour site up for sale, with a lapsed planning for 72 apartments.

A former boatyard site right by the water’s edge at Ballynoe, Cobh island, and next to the Cross River Ferry, was put up for sale six years ago for a boom-time €9m: now, it’s due for sale by auction on May 2, guiding just €150,000

The site, on the market with David McCarthy of Lisney, is 1.72 acres and has the hulking tall sheds remains and a 1,375 sq ft warehouse from its former boat yard and boat repair use as a location marker. There’s extensive water frontage — about 160 metres along its western boundary, and about the same amount of road frontage, while the now-lapsed apartment plan envisaged some reclamation to bring the full site area to two acres.

It adjoins the Glenbrook/Cobh car ferry terminus at its northern boundary, notes Lisney’s David McCarthy who says there is already some marine use inquiries, as well as interest in things like car sales.

The expired planning permission on the property, granted to the late builder/developer Bob O’Leary in 2006, was for two apartment blocks to a design by Richard Rainey and comprised 72 apartments. The area is zoned ‘Existing Built up Area’ and is part-zoned ‘Institutional/Civic Educational’ in the Cobh Town Development Plan 2013.

“Given the property commands a strategic presence in a high profile location with large volumes of daily passing traffic, it’s suitable to a variety of uses,” say Lisneys, whose own Peter Stapleton in Dublin is receiver over this asset.

Location is 2kms from Cobh, near Fota and Marino Point.

Details: Lisney, 021-4275079