Prime Development Site in Ringaskiddy Hits the Market for €1.85 Million
Ringaskiddy, County Cork – A significant development chance has emerged in Ringaskiddy with a 2.73-hectare (6.74-acre) waterfront site, known as Paddy’s Point, now on the market for €1.85 million. this strategically positioned property, formerly part of the Irish Steel portfolio, offers immense potential for various development projects, especially for businesses looking to expand near Cork Harbour.
Harbor Views and Flexible zoning Attract Investors
The property’s prime location boasts breathtaking 270-degree views of Cork Harbour. Its zoning permits a range of uses, making it particularly attractive to pharmaceutical and biotechnology industries already well-established in the area. Educational facilities and research and development (R&D) initiatives are also viable options.
Gerard O’Callaghan of Lisney highlights the unique advantages of the site. “This is a spectacular site, with 270-degree views of Cork Harbour, and would make a splendid office location. It is a far better option then building on a greenfield campus down the road. The combination of setting, location, zoning, and infrastructure is hard to find elsewhere in Ireland.”
Excellent Transport Links Boost Appeal
one of the key selling points of Paddy’s Point is its exceptional connectivity. The site provides immediate access to the under-construction M28 motorway, expected to be completed by 2028. Additionally, the 223 bus route terminus is conveniently located across the road, ensuring easy access for employees and visitors.
The impending completion of the M28 motorway is particularly significant. Ringaskiddy serves as Cork Harbour’s primary deep-water port, handling a substantial portion of the region’s freight. The new motorway will greatly improve transportation efficiency, further enhancing the area’s attractiveness for investment. The site includes some foreshore, 2ha of building land, with a 240 sq m storage shed and a secure hardstand compound.
Potential for Value Growth
O’Callaghan notes the high potential for value appreciation as developments at the development site in cork will rise due to Cork’s economic zone expansion. Investing in this site presents a compelling opportunity compared to developing on a greenfield site or adjacent to existing manufacturing campuses.
The site’s history adds another layer of context. Previously utilized by Irish Steel as a holding depot, it was separated from the main campus (now an amenity park) by a bridge. After Irish Steel’s closure in 2001, a local civil engineering contracting business acquired it for general storage and plant accommodation.
Pro Tip: conduct thorough due diligence before investing in any development site. Verify zoning regulations, environmental assessments, and infrastructure capabilities to ensure alignment with your project goals.
Summary of Key Features
| Feature | Description |
|---|---|
| Location | Ringaskiddy, County Cork, overlooking Cork Harbour |
| size | 2.73 hectares (6.74 acres) |
| Price | €1.85 million |
| Zoning | Offices, educational facilities, research and development |
| transport | Immediate access to M28 motorway, 223 bus route |
Ringaskiddy: An Emerging Economic Hub
Ringaskiddy is rapidly evolving into a key economic hub in County Cork, driven by significant investment in infrastructure and industry. The ongoing development of the M28 motorway,coupled with the presence of major pharmaceutical and biotechnology companies,positions Ringaskiddy as a prime location for business growth and development.
The availability of skilled labor, supported by institutions like the National Maritime College of Ireland, further strengthens Ringaskiddy’s appeal. As Cork’s economic zone continues to expand, Ringaskiddy is poised to attract further investment and development, solidifying its role as a vital contributor to the region’s economy.
Frequently Asked Questions About the Ringaskiddy development Site
- Where is the development site located?
- What is the asking price for the Ringaskiddy development site?
- What type of developments are permitted on the site?
- What are the transport links like near the site?
- Who might be interested in purchasing the development site?
The development site, known as Paddy’s Point, is located in Ringaskiddy, overlooking Cork Harbour.
The asking price for the development site is €1.85 million.
The zoning allows for offices, educational facilities, and research and development.
The site has instant access to the new M28 motorway and is served by public transport, including the 223 bus route.
Likely interested parties include pharmaceutical and biotechnology companies seeking expansion, as well as the National Maritime College of Ireland for marine-related training.
What kind of development do you think would be most beneficial for the Ringaskiddy area? Share your thoughts in the comments below!
Do you see this Ringaskiddy development site as a good investment opportunity, given its location and zoning?
