Zoned land on offer

Farmer interest in the short term, with a view to longer-term development potential, is early to the fore in the sale of 45 acres of zoned land on the edge of Midleton, East Cork.

Agents Savills, jointly with Sherry FitzGerald O’Donovan, are selling the block at Baneshane, on the outskirts of Midleton for Kieran Flynn of Hallmark Building and Civic Engineering, the Mallow-based firm which is managing the assets of John and Elaine Barry’s Castlelands Construction. Halmark is involved in sites/projects such as Castle Rock in Midleton, Castle Heights in Carrigaline, Castle Park in Mallow, the Mallow Business Park, and Rose Hill, Kilkenny.

Signs went up on the Baneshane lands over the Christmas holiday period, and interest to date has come from some small site inquiries, but primarily farmers, with current offers in around the €700,000 level, according to Sam Daunt and Peter O’Meara of Savills. That’s around €15,500 per acre, which is at the upper end of the farm land value averages band, but it does have future hope/development value as well as farm return capability. It’s suitable for any farming enterprise, or as potential development land.

Location is a mile past the town, off the N25 Cork-Rosslare Euro-route, a 20 minute drive from Cork city and the Jack Lynch tunnel.

Land nearby is being developed for housing, with existing schemes being completed nearby at Abbey Wood and Castle Rock. This land for sale is mostly in grass, with some in tillage, described as good quality ground, draining well with mature boundaries.

A portion to the north west has topsoil removed, in preparation for development, but no planning application has been made for this land, zoned for medium density housing, with good road frontage.

The 46 acres is offered by private treaty with over €15,500 an acre sought, so bidding over current levels is expected.

Details: Savills 021-4271371, Sherry Fitzgerald O’Donovan 021-4621166