Sitewatch: 18 acres in Glounthaune, Cork

Development land just east of Cork city, at Glounthaune and near the commuter rail station, has come up for sale, described as “a prime residential development opportunity” by Frank Ryan and Seamus Costello of Cushman & Wakefield.

The 18 acres of land adjoins the Cois Chuain up-market scheme done by Lanes in the early 2000s, and includes three acres by the national school which is zoned for community use, and a 2,340 sq ft period style house with old courtyard stone outbuildings. About 8.8 acres is considered development lands, and is within the development boundary in the draft 2017 LAP.

Given the current focus and concern on rising house values due to an acute shortage of new builds, plus a re-emerging activity in site acquisition for development, this is likely to be actively viewed, with the rule run over end-value of housing, and site per stand which might be paid (see also lead story p19.)