Prime €1.85m Cork Harbour development site hits market

Paddy's Point will have instant access to the new M28 motorway and is served by public transport.

A standout development site overlooking Cork Harbour, with flexible zoning and excellent transport links, is on the market in Ringaskiddy for €1.85m.

Known as Paddy’s Point, the 2.73ha (6.74a) waterfront site, formerly part of the Irish Steel portfolio, will have instant access to the new M28 motorway and is served by public transport.

Pharma and biotech are among the likely interest parties in this €1.85m harbourside site at Paddy’s Point, Ringaskiddy.

Zoning under the county development plan permits offices, educational facilities, and research and development, ideally suited to nearby established operators seeking to expand within this major hub for pharmaceutical and biotechnology industries.

The site could also appeal to the MTU’s Ringaskiddy-based National Maritime College of Ireland for expanded marine-related training, education, and innovation.

Lisney’s Gerard O’Callaghan says it’s a “spectacular site, with 270-degree views of Cork Harbour, and would make a magnificent office location”.

“What I would be saying to any big entities in Ringaskiddy considering investing in offices or R&D, is that this is a far better option than building on a greenfield campus down the road.

“I believe it would be hard to find the combination of this spectacular and idyllic setting, location, zoning, and infrastructure anywhere else in Ireland.”

Mr O’Callaghan added that it had high potential for value growth as Cork’s economic zone expands.

“This should encourage investment in the site. Any finished development would certainly be more valuable than a like-for-like development undertaken on a greenfield site, or adjoining a manufacturing campus elsewhere.”

The site, which includes some foreshore, is comprised of 2ha of building land, with a 240 sq m storage shed and a secure hardstand compound. It’s just 800m from the under-construction M28 motorway, and the 223 bus route terminus is across the road.

Mr O’Callaghan said by the time new offices were built at Paddy’s Point, the M28 should be completed as its due date is 2028. The new motorway is of critical importance to Ringaskiddy, which handles much of the region’s freight as Cork Harbour’s main deep-water port.

“I believe it offers a superb opportunity for an office development and will likely appeal to local multinationals and port-related companies,” Mr O’Callaghan said.

The site was previously used by Irish Steel as a holding depot and was separated from the main campus (now an amenity park) by a bridge. Following Irish Steel’s closure in 2001, it was sold to a local civil engineering contracting business and used for general storage and for accommodating plant.

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