Residential development site Tipp-ed for a good result in Clonmel

By Tommy Barker

Tipperary may be out of the hurling hunt for glory for the summer, but there’s more than a sporting chance of a good sale result of a residential development site, in Clonmel town.

Up for sale is a greenfield site of 3.1 acres, with a 2008 planning grant for 42 residential units, and it’s within a hurling puck of the town centre GAA grounds, the pitch at Clonmel Celtics, and also, a slightly longer puck, of the pitch and stand at Clonmel Town FC.

And, in terms of any further Tipperary training needs, it’s right next door to Clonmel town’s rail station.

Estate agent David McCarthy of Lisney, Cork, guides the 3.1 acre of residentially zoned land next to the Prior Park estate at €250,000, and forecasts a swift uptake and competitive interest.

It’s in one easily developed block off the Prior Park roundabout, near the N24 relief road, 0.8kms from the town centre, and within an easy walk of Tesco, Dunnes and the LIT Clonmel campus also, with schools and sports pitched nearby.

It’s bounded by the Limerick/Rosslare railway line to the north and Prior Park housing estate to the south and is zoned ‘new residential’ in the 2013 Clonmel & Environs Development Plan.

Offering by private treaty, David McCarthy says “we’d expect keen interest in the site, given the central location within the town, the established entrance, the convenient access via the N24 relief road and the positive zoning and planning history associated with the property.”

Meanwhile, back in Cork city, and closer to the Lisney South Mall offices at No 1, the firm has confirmed the sale of 45 South Mall, let to global investment and financial services company, Cantor Fitzgerald Ireland, to a local investor at about €650,000.

The 2,200 sq ft four-storey building opposite Electric was offered at €600,000 before Christmas with a rent of €44,000 pa, on a 25-year lease from 2001.

It has been bought by a local investor for circa €650,000, reflecting a NIY of 6.2%, down from the 6.7% offered at the initial guide.

Based in New York, and established in 1945, Cantor Fitzgerald has 60 offices in 25 countries, employing c 10,000, with Irish offices in Dublin, Cork and Limerick.

And, also confirmed is the lease by Lisney of the ground floor c 3,000 sq ft of offices at Cork’s Wandesford Quay (previously Frank Clarkes) to UCC for postgraduate use on a medium lease term at around the asking rent of €18psf pa excl.

Details:Lisney 021-4275079.