Prime property at The Lough open for new opportunity
Listed with estate agent Joe McCarthy of Irish and European is Beechville, The Lough a three-bedroomed, detached two-storey home on a large site with extensive road frontage, and old sheds.
Key selling point is its aspect and view, facing directly onto the waters of The Lough wildfowl sanctuary in the city’s southern suburbs near UCC and the Bon Secours.
He guides Beechville at €450,000, offering it in one lot and stresses “it is a site with huge development potential.”
Pitching it primarily as a redevelopment site to builders and to developers, Mr McCarthy says this sale “offers an opportunity to develop a prime site for detached houses, semi-detached houses, apartments, retirement units and so on. It would be perfect for a scheme of trading-down homes, where buyer might not want or need large gardens.”
The views over The Lough, and the site’s accessibility to all services “should appeal to those wishing to develop a prestigious development within walking distance of UCC, hospitals, and city centre,” he adds.
The house is dated but sound, while the yard and buildings were previously used as a car/limo hire garage base and store.
The site, of c a quarter acre, is being sold by private treaty, and features some mature beech trees at a boundary corner, with c 80’ of road frontage. Properties along this stretch at The Lough include one-offs, contemporary rebuilds, period terraced homes, small groups of apartments, and property sales here, or at Lough Villas and around Hartlands Avenue with a water view fetch premium prices.
Meanwhile, nearby, a one-third of an acre site across from The Lough by O’Connell’s Butchers and near Ryan’s SuperValu has recently gone ‘sale agreed’, via Lisney.
That other redevelopment site, 1 Togher Road, and with more limited Lough views, has a detached three-bed house in poor order in one section, and is by the junction of Togher Road and Pearse Road. It had a €225,000 AMV and is ‘sale agreed’ at an undisclosed sum.
Irish & European 021-4277606
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