independent

Monday 21 April 2014

Development land hits market

One of the recurring predictions for 2013 is that an increasing volume of former development land will find its way on to the market. The early indications from the country's sales rooms point to the accuracy of this prediction.

The latest examples of this trend involve two small parcels of former development land in counties Laois and Kildare.

The Laois property is located on the outskirts of Ballylinan village, around 7km from Athy. The land parcel extends to 10.93ac and comes with a guide price of €10,000/ac.

Currently under tillage, the land is described by Matthew Conry, of REA Dawson, Tullow, as suitable for any type of farming.

Laid out in one field, the property has independent road frontage and is adjacent to the piped water supply to the village.

Once earmarked for development, the land is now being sold by private treaty on the instructions of receiver, Peter Stapleton. Mr Conry said there is good local interest in the sale.

Further north, near the north Kildare town of Kilcock, 5.5ac located close to the local school in the village of Tiermoghan is being guided in excess of €100,000 or €18,000/ac.

According to Will Coonan, of REA Coonans, Maynooth, this piece of ground was originally intended for residential development.

But while its primary value is now based on its farming potential, its location is adding a premium to the price. The holding is in three small fields that are all in grass. The lands also come with 63m of road frontage.

Mr Coonan believes the holding will be of interest to those in search of a site for a house and a few acres.

"Being three miles from Kilcock and three miles from the M4 motorway, it's an ideal location for someone commuting to Maynooth, the factories in Leixlip or Dublin itself," he added.

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