Shannon Park

The opportunity
Joint agent Savills and Irish & European are delighted to offer for sale this superb development opportunity in one of Corks most desirable locations. The property comprises a c.33.94 acre site in a superb location that benefits from medium density residential zoning (20 – 50 units per ha). The opportunity now exists to acquire this prime residential development site in a proven sales location within close proximity to Douglas and Cork City Centre.

Location
The subject property is located on the city side of Carrigaline Town Centre and approximately 6kms south east of Douglas Village. The site sits between Fernhill Golf Club, located immediately to the east and the ongoing Janeville development located immediately to the west.
Carrigaline is recognised largely as a commuter town located approximately 12kms south of Cork City. The population of the town has expanded progressively over the past 10-15 years and was estimated at 15,770 persons in the 2016 census.
The town contains mainly estate type housing and the retail offering in the village includes local shops and larger retail operators such as SuperValu, Dunnes Stores and Lidl. Large employers in the wider Carrigaline/ Ringaskiddy area include Pepsi, Unilever, Glaxo Smithkline, Biomarin, Pfizer and Novartis. Excellent educational facilities are provided locally as well as a range of sporting clubs and leisure facilities.

Description
The site consists of undeveloped lands extending to approximately 13.74 hectares (33.94 acres) in total, located just off the Shannon Park roundabout approximately 1.5kms north of Carrigaline Town Centre. Of the entire landholding the net developable area extends to approximately 9.31 hectare (23 acres) which excludes the required provision of a linear open space (CL-O-09) and greenway along the old rail line (CL-U-05) as per the Carrigaline Local Are Plan.

The surrounding area is a mix of mature agricultural landholdings as well as mature residential estate type developments. Fernhill Golf Club is located immediately to the east while the popular Herons Wood development bounds the site to the south. Janeville, a new residential development which is currently under construction bounds the site on its western boundary. Natural features on site include mature trees and hedgerows which act as natural boundaries on all aspects of the site.

Zoning
Under the Ballincollig Carrigaline District Local Area Plan 2017 the land is zoned as follows;
• CL-R-16 and CL-R-17 – Medium A Density Residential Development (20 – 50 units per ha) to include a mix of house types.

•Metropolitan Greenbelt Area
Infrastructure
The N28 is set to be upgraded as part of the M28 Cork to Ringaskiddy Project Motorway Scheme and Service Area Scheme. As part of the upgrade works the portion of land which sits within the Metropolitan Greenbelt Area will be partly affected by the proposed M28 scheme. The extent of the lands that will potentially be affected measures approximately 0.7 ha ((1.72 acres).

Basis of Sale
The property is being offered for sale by Private Treaty.

Title Freehold

Price On application

ServicesWe understand that mains water & drainage are available however interested parties are required to satisfy themselves on the adequacy and availability of all services to the property.

Joint Selling agents

Irish & European Cork Ltd
23 South Mall
Cork
021 427 7606
www.irishandeuropean.ie
PSRA Licence No: 001105

Savills
11 South Mall
Cork
021 427 1371
www.Savills.ie
PSRA Licence No. 002233