A residential landbank close to Ballincollig just outside Cork city could make about €20 million through agent Irish & European.
The 28 hectares (69 acres) – an active farm with farmhouse and yard – has good road frontage to the Maglin Road and is bounded to the south by the N22 Ballincollig bypass/Cork-Killarney road. It is primarily laid out in six fields (all in grass).
According to the local development plan, 27.41 hectares (67.75 acres) of the holding is zoned for medium density residential development and 0.6 hectares (1.5 acres) for open space/sports recreation.
Expanded
The zoning allows for a minimum of 20 dwellings per hectare and a maximum of 50 dwellings per hectare. This would suggest it could accommodate a residential development of 500 to 1,000 units.
There is an Irish Water water main on the Maglin Road which can serve the site. This is connected with the harbour and city trunk water main from the Inniscarra reservoir. However, a pumping station may be required to serve part of the site and tie in with the existing infrastructure.
Ballincollig is a fast-growing town of more than 18,000 about 9km west of Cork city. It expanded substantially in the noughties with the redevelopment of its former Army barracks in the town centre.
Local employers include EMC in Ovens, Boston Scientific on Model Farm Road, VM Ware in the town centre and the Apple campus in Hollyhill.
The town is fast becoming one of Cork’s most prestigious and sought after locations with its wide range of leisure and amenity facilities as well as three primary schools and two secondary schools.
