Development Land at Ticknock, Cobh, Cork

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DEVELOPMENT LAND - FOR SALE BY PUBLIC AUCTION EXCELLENT RESIDENTIAL & COMMERCIAL DEVELOPMENT OPPORTUNITY EXECUTIVE SUMMARY: Total site area extends to approximately 21.94ha (54.19 acres). Majority zoned for residential development. Greenfield site with dual frontage. Within walking distance of local amenities such as Super Valu, Lidl & Aldi. Located approximately 20kms south east of Cork city centre. Conveniently located within 1.5km of Cobh train station. CORK EMPLOYMENT BASE Cork offers opportunities across a diverse range of industries and the area continues to attract interest from multinational companies around the globe. A number of employment hubs are located with close proximity of the subject site. These include; Cork City Centre, City Gate Mahon, Cobh & Ringaskiddy. COBH The site is situated Ticknock, Cobh which is located approximately 20 kilometres south east of Cork city centre and 1.5 kilometres of Cobh town centre. The site's strategic location provides ease of access in and out of Cobh via Strand Road without the necessity of coming through the town centre. The N25 which links Cobh to both the city centre and east Cork is conveniently located a mere 6.5km to the north. The area is further enhanced by the availability of the rail line that is located in the town centre. The rail service which is situated 1.4km to the south, offers daily routes to the city centre, Glounthaune and Midleton. The area also offers a high-quality living environment with a number of primary and secondary schools located nearby while there is also an array of sporting facilities located within close proximity that caters for Rugby, GAA, Soccer & Golf. THE SITE The property is a substantial land holding extending to approximately 21.94 ha (54.19 acres) and has the benefit of frontage to 2 roads allowing for 2 separate access points. The northern section of the site has approximately 120m frontage to Tay Road and approximately 200m frontage to the Hilltop Park Road along the eastern boundary. The property comprises a greenfield agricultural landholding which is made up of 4 smaller parcels of land that are divided by mature trees and hedgerows. The surrounding area is a mix of mature agricultural landholdings to the west, a mixed use retail park (with retailers such as Super Valu, Aldi, Lidl) situated along the eastern boundary and a new residential development (Cooline) located along the southern boundary. PLANNING OVERVIEW Zoning Current Zoning - Cobh Municipal District Local Area Plan 2017 The lands currently have multiple zonings which can be broken down as follows,; - 34.69 acres zoned Residential - CH-R-16, CH-R-17 and CH-R-18 - Medium M Density Residential Development. - 13.7 acres zoned Special Policy Area X-O1 - 5.8 acres zoned Business and General Employment. Proposed Zoning - Draft Cork County Development Plan 2022- 2028 The existing Cobh Municipal District Local Area Plan 2017 is due to be replaced by the Cork County Development Plan in June 2022 and the zoning of the subject site within this plan is as follows, - 34.69 acres zoned 'Long Term Strategic and Sustainable Development (Further Additional Provision) - CH-R-14, CH-R-15, CH-R-16 & CH-R-17. - 13.7 acres zoned Special Policy Area X-O1. > Objective of SP Area X-01 is to "provide for a mixed-use development, including provision of a primary healthcare centre. Comparison retail or other town centre uses are not appropriate. Consideration may be given to additional convenience retailing, subject to detailed Retail Impact Assessment and Sequential Approach". - 5.8 acres zoned Business and General Employment. Appropriate Uses in Business and General Employment Areas include, > Light industry wholesale and non-retail trading uses > Car showrooms > Small/medium scale manufacturing > repairs/warehousing/distribution uses > logistics, incubator units > childcare facilities > fitting and business to business activity. TITLE Freehold SALES PROCESS For Sale by Public Auction Date: 21st April 2022 Time: 3pm Venue: Maldron Hotel, South Mall, Cork City FURTHER INFORMATION Interested parties will, at the vendors discretion, be provided with access to a dedicated Data Room. The Data Room contains comprehensive information including maps, planning report, title information & the contract for sale. JOINT SELLING AGENTS SAVILLS (Peter O' Meara & James O'Donovan) 11 South Mall, Cork + 353 (0)21 427 1371 savills.ie PSRA Licence No. 002233 COHALAN DOWNING (Maurice Cohalan) 14 South Mall, Cork + 353 (0)21 427 7717 www.cohalandowning.ie PSRA Licence No. 001641

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Development Land at Ticknock, Cobh, Cork

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