5.66 Hectares (14 Acres) Development Site, Milestream, Shanakiel, Cork City
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Auction
- Lot 170
- Ireland
- Land/Site
- Commercial
GUIDE PRICE €1,915,000
Property Summary
- A suburban development site.
- Situated on lands extending to approximately 5.663 hectares (14 acres).
- Planning permission granted for the construction of 46 x residential units.
- Planning ref: 16/37009 and T.P.16/37010.
- Zoned “R3 - Residential, mixed residential and other uses” and "G1 - Open space, park".
- Vacant possession.
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Description
The property comprises two separate plots of lands. The first plot of land adjoins the existing Phase I of the Milestream estate. Per the current planning, Milestream Phase I will be required to be integrated into the plot of land with the planning for 38 units and 4 existing partially completed units. There is also an obligation on the purchaser to deal with the completion of the Phase I common areas (incl. freehold of apartment block) and the estate road, which is also included in the lands for sale, please see the contract for more details. The second plot of land comprises circa 12 acres of ridge land and has planning for 8 x single storey dwellings.
Total site area extending approximately 5.66 hectares (14 acres).
Location
- Cork is the second largest city in Ireland with a population of some 125,600 people (as of the 2016 Census).
- The city is located approximately 119km south west of Waterford, and approximately 95km south of Limerick.
- The M8 is situated approximately 7km to the east of the city centre and provides access to Dublin and the north east.
- The property is situated on the southern side of Blarney Street, close to its junction with Blarney Road.
- Surrounding occupiers include Hollymount Industrial Estate and Carrigmore Hospital.
Planning
Local Planning Authority: Cork County Council: +353 (0) 21 427 6891
The property was granted planning permission on 31.08.2017 for the construction of 38 x two and three storey dwellings, including all associated site development and landscaping works (ref:T.P.16/37010).
The property was granted planning permission on 25.04.2017 for the construction of 8 x single storey dwellings, including all associated site development and landscaping works (ref:16/37009).
Zoning
Under the Cork City Development Plan 2015-2021 the lands are zoned as follows:
R3 - Residential, mixed residential and other uses - "To protect and provide for residential uses, local services, institutional use and civic uses."
G1 - Open space, park - "To protect, retain and provide for recreational uses, open space and amenity facilities, with a presumption against developing land zoned public open space for alternative purposes, including public open space within housing estates."
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No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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