TWO big Kinsale offers come to market independently this week for receivers — one being 95 acres of spectacularly-sited land at Pregane, next to where a €200m golf resort development was proposed a decade ago.
The land, on a headland with Atlantic and Oysterhaven views, is guided at €1.15 million by Cohalan Downing. It’s adjacent to where 270 acres assembled by a consortium for the Kinsale Harbour Resort, due to have an Ernie Els-designed course, sold to US tycoon Rick Goings, head of Tupperware, for a reported €3.465m in 2013.
After the hugely-ambitious ACC Bank-backed golf resort plans collapsed, lands here at Ballymacus and Pregane were, briefly looked at as a possible site for a new distillery by Grants, before they committed investment to the Midlands.
Acquired a number of years ago by a private investor, it is ideal tillage and farming land, with southerly aspect and prices locally on farm values alone are well in excess of €10,000 an acre, says agent Maurice Cohalan.
The dramatic coastal setting with expansive Kinsale and Old Head views, proximity to Kinsale (three miles) and any future development hopes may add value and interest. And, while there’ll be farm inquiries in the main, others may take a more long-term view given its previous interest. Inquiries may also come from Tupperware’s Mr Goings, given the chance to acquire an even more substantial headlands holding here.
Meanwhile, back in Kinsale town itself, estate agent Dominic Daly guides the former Custom House, a Georgian house in a corner setting with yard and high visibility/profile, at €500,000 for receiver David Swinburne of KPMG.
Part of the property’s outdoor/yard has been used as a dinghy park by the adjacent Kinsale Yacht Club, and the building itself has been used as a staff house by the Trident Hotel across the road.
Mr Daly describes the two-storey over-basement building, part-slate hung in the traditional Kinsale manner, as a landmark property, set just metres away from Kinsale Marina, and pier.
It has 70’ frontage to Lower O’Connell Street, and 150’ frontage to the side road by the Trident Hotel. Kinsale is the official southern start point for the Wild Atlantic Way, and the road past this town-centre site leads out to the Old Head of Kinsale, Garrettstown, up the River Bandon and to all points south and west.
The main period building has residential and/or commercial scope, but needs upgrading and the yard facing the pier and road — along with some old single-storey outbuildings used for boat storage - “has enormous potential,” adds Mr Daly, and may well float some entrepreneurial boats for new owners.
* Details: Cohalan Downing, 021-4277717; Dominic Daly, 021-4277399
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