The Opportunity

Introducing Cork’s most significant residential development opportunity of the past decade.

The site extends to approximately 42.99 acres and is mainly laid out in grass along with some builders’ compounds and subsoil mounds from previous developments. The site is elevated and on about the 110m contour with a westerly aspect offering panoramic views over Cork city and the surrounding countryside.
The site is accessed via the existing Maryborough Ridge Estate where the main entrance off Maryborough Hill is currently being developed by the Receiver in order to facilitate the proposed development.
The western boundary of the site runs parallel with the N28 Ringaskiddy Road which is hidden from view by a mature tree lined buffer zone. To the south and east the site is bound by greenbelt zoned agricultural lands, offering a tranquil semi-rural setting.

The northern end of the Maryborough Ridge site extending to approx. 18.76 acres has full planning permission

Planning Permission

The northern end of the site extending to approx. 18.65 acres has full planning permission under Cork Co. Council Ref 16/07271 and An Bord Pleanala Ref 300056-17 for the development of 198 residential units and a child care facility. Planning has been granted subject to just 27 conditions, one of which relates to a S48 Special Contribution which was successfully appealed.

The proposed development designed by leading architects Deady Gahan is shown in the table below.

The northern end of the Maryborough Ridge site extending to approx. 18.76 acres has full planning permission

Zoning

The entire site is under the electoral jurisdiction of the Ballincollig / Carrigaline Local Area Plan 2017. Under this plan the majority of the site is zoned R-08 Medium Density ‘A’ Residential Development defined as 20 to 50 units per hectare. A small portion of the site with FPP is zoned ‘Existing Built Up Area’.

Click above image to enlarge


Basis of Sale

This property is being offered in a single lot. The area with planning permission is being offered for development under a Licence Agreement with a future option to purchase. The remaining zoned section of the site is being offered for sale under an Option Agreement conditional on obtaining planning permission. Further details of the disposal process are available from the sole selling agent.

Services

All services are laid to the boundary of the site. All interested parties are advised to make their own enquiries in relation to the adequacy and capacity of these services.

Tenure

The property is held freehold in the Registry Deeds.

Guide Price

Available on request.

Further Information

Interested parties will at the discretion of the Vendor be provided with access to the Data Room subject to signing a non-disclosure agreement. The Data Room contains extensive information about the property and the bidding process.

Data Room
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Contact

Solicitors

On the instruction of the Receiver George Maloney RSM Ireland.

RSM and Nama