Midleton land packing potential

Lands on the Cork side of growth town Midleton, which are part of a larger landbank zoned for strategic future housing needs, are being sold at €25,000 an acre. 

Currently in tillage/farming use, there’s 41 acres newly up for sale with an even €1 million price guide quoted by joint selling agents DTZ Sherry FitzGerald and Cronin Wall.

The lands on Midleton’s western fringes are included in the larger Water Rock Master Plan Area, which extends to 240 acres/160 hectares in all, envisaged to accommodate up to 2,500 new housing units over time.

Also included in that future-needs plan is a neighbourhood centre, three schools and a rail station, on the Cork-Midleton commuter rail line.

The zoning objectives go back to the 2008 updated Cork Area Strategic Plan (CASP), and has zoning amendments in the 2011 plan/Midleton LAP.

The CASP strategy for Cork’s Gateway status includes growth of the metropolitan towns (including Midleton, which has a current population of 12,000) predicated on population growth, serviced by a suburban rail corridor.

The local authority’s Water Rock framework Master Plan Study 2015 envisages a phased programme of implementation, and “a large portion of the subject lands have a residential zoning objective, along with provision for a school, greenway and access roadways,” notes Seamus Costello of DTZ Sherry FitzGerald, joint agent with Midleton’s Shay Cronin of Cronin Wall.

Just to the north of the N25 Cork Euroroute, the 41 acres have good frontage onto the Water Rock road, as well as being close to the Mill Road and Midleton’s northern relief road.

The sale offer offers “significant future potential for a purchaser and is a strategic opportunity to acquire a substantial land holding,” adds Mr Costello who is selling for a receiver.

The land, which includes some derelict farm buildings, is close to Water Rock Golf Club, CGI Food Park, one-off housing, amid fertile agricultural lands.

The area also has revitalised hopes of development of the serviced lands at Carrigtwohill, ear-marked a number of years ago for Amgen and currently the centre of some speculation of another user and major employer for the site.

Details: DTZ Sherry FitzGerald, 021-4275454; Cronin Wall, 021-4630400


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