House building land with a lapsed planning for 65 homes has been placed on the market on the Cork side of Carrigaline, at the Ballea Road with a guide price of €1.6 million; it equates to €25,000 per site if a similar density application to build anew is successful.
Interest from small to medium scale builders hoping to get back in the business of house construction is expected, and appetites piqued by this offer and lot size.
A CIF conference earlier this month was told that Carrigaline was one of the more bankable locations for new homes construction in the greater Cork area, along with spots like Ballincollig and, likely now to come more to the fore, Ballyvolane.
Listed just this week is nine acres, accessed by an existing roundabout by Carrigaline’s AFC soccer pitches and the Westwood estate.
The most recent planning was granted in 2005 for 22 townhouses and 43 detached and semi-detached houses (12 detacheds and 18 semis), on a sloping elevated site within a walk of the town centre, while the Ballea Road gives access options back toward Cork city, the airport and West Cork/Kinsale via Five Mile Bridge.
Selling agents Jackie Cohalan and Maurice Cohalan of Cohalan Downing are acting and selling for the building firm owners and describe the parcel as an irregular shaped, sloping site currently laid out in grass, mostly, and with part-finished dwellings, as well as some bases and foundations in place for future proposed dwellings.
It includes house No 1, a partly constructed 1,800 sq ft detached four-bedroomed house, and No 47, a detached 1,420 sq ft three-bed. Also started are Nos 45 & 46, a pair of semi-detached three-beds of just over 1,000 sq ft, with No 45 currently occupied by a caretaker.
According to Ms Cohalan, “a considerable amount of the infrastructure has been installed but no parts (such as roads surfacing and footpaths) are completed.”
It has been subject to several varied plannings, including one in 2005, and an amended design in 2007, but all permissions have now lapsed Planning contributions of almost €300,000 have been paid, and the uncompleted and very largely unoccupied estate was given Property Tax exemptions several years ago. Part V planning conditions will attach to any new grant of planning on the nine acre, it is pointed out.
Demand for new, starter homes especially on the Cork side of Carrigaline would be strong and consistent, say the agents.
Details: Cohalan Downing 021-4277717
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