DevelopmentLand: A large site with excellent development potential close to Waterford city is for sale by tender through joint agents Lisney and Palmer Real Estate Alliance in one or more lots.
Lying on the Outer Ring Road at Ballyhoo, and with extensive road frontages of about 1.4kms, the lands are expected to fetch in the region of €250,000 an acre.
There are excellent prospects for this site, subject to planning permission, given that it is only 4kms from Waterford city, close to the expanding southern suburbs. There is easy access to the location via the outer ring road at the Tramore Road roundabout.
The 17.62 hectares (43.53 acres) in three parcels is being sold as a block (lot one) or in three separate configurations. Lot two extends to 9.26 hectares (22.88 acres) and has road frontage of about 700 metres.
Lot three has road frontage of about 350 metres and offers 4.1 hectares (10.2 acres). It includes a modern two-storey residence. This has been let for a period of a year from February 1st, 2006 at a rent of €750 per month.
Lot four has a road frontage of about 325 metres and comprises 4.26 hectares (10.52 acres) and this parcel includes a number of farm buildings. These lands and the outbuildings are let on a standard 11-month agricultural agreement which began on March 1st, 2006.
The lands lie within the Waterford city development boundary and are currently zoned agriculture. The Waterford City Development Plan 2002 is scheduled for review in 2008. A portion of lot three is included in the development plan as an area of scientific interest. A small portion on the western boundary of lot four is part of a zone of archaeological potential.
The location of the land so close to thriving Waterford city will clearly be a factor in the selling price. It offers both commercial and residential development potential, and benefits from its proximity to Rosslare Europort plus the wider national road system. The lands are close to the highly populated Dunmore Road area and the outer ring road provides direct access to the regional airport and to the Cork road.
The city has enjoyed significant growth in recent years with new suburbs and industrial developments.
The date for receipt of tenders is November 24th.
