Rush expected for top €1.55m Cork city 'ready to go' site for nine high-end homes
€1 From Site Development Has Road 85 Of For Agent Of Units Guides Ann O'mahony By Acre Victoria 55m Parkhurst, Sherry Nine At Fpp Fitzgerald
WITH its gold-plated address, a hidden site with full planning permission for nine homes, within a kilometre of Cork’s City Hall on Victoria Road and on the edge of the burgeoning docklands development for many hundreds of units has just come for sale, with a €1.55m guide price -one certain to be exceeded.
The listing of a 0.85 acre site behind the 1890s period detached home Parkhurst (which sold in 2007 on an acre for €2.5m) follows on the advancing sale of Feltrim on the Blackrock Road, understood to be making c €6 million.
Feltrim is being sold to a wealthy Cork buyer, with future development likely on the balance of its three acres. The likely buyer has a niche apartment scheme in hand in another prime Blackrock road setting by a period home.
Selling this site with full planning already in place - even closer to the city centre - on a hidden garden site between Victoria Road and the Old Blackrock Road is estate agent Ann O’Mahony of Sherry FitzGerald who can expect wide developer/investor interest as anything built here will sell immediately, for premium prices, given the location.
The planning is for nine homes, all over 1,600 sq ft, comprising two detached three-storey 2,850 sq ft houses, a 1,636 sq ft bungalow, two three-storey semi-ds of 1,743 sq ft, and four three-storey terraced townhouses of 1,937 sq ft (two end and two-mid terraced.)
Architects are Dublin-based Douglas Wallace, who also did a prior 2021 application for Parkhurst's owners Bernard and Siobhan O’Callaghan, for six houses and there was also a 2017 application for the same site for two detacheds.
Subsequently the O’Callaghans got permission for three further units on adjacent grounds at Knockrea Lodge on the Old Blackrock Road, to be accessed via the side of Parkhurst/Victoria Road.
Access to the combined 0.85 acre greenfield site now offered for sale has been freed up by removing a gable annex/extension (dating from c 1900) on the left hand side of the 1890s-built, multi-bay two-storey Parkhurst.
The three detached houses (inc a bungalow) will be on a tree-screened section behind Nos 8 to 12 Victoria Road, where the most recent strong price is of a Victorian house called Tirano, making €980,000 by early 2023.
Possibly comparable sale are at Citadella, a niche off-street scheme at Bulls Lane by Ashton school, where a detached No 2 made €860,000 within the past year.
Parkhurst, a 5,000 sq ft house sold at market peak as a pristine ‘museum piece’ in 2005 for c €2.5 million, one of several making this sort of sum in the Blackrock area at the time.
It was built for then city solicitor Barry C Galvin, with its gable fronted design variously attributed to architect JF McMullen, and/or to RR Brash who laid out Victoria Road’s plots from 1870.
Parkhurst is the only detached in the run, facing Kennedy Park; the rest are semi-detached or terraced.
Victoria Road was created by slob land infill from the 1830s. Before that, access to Cork's Blackrock village was via what’s now the Old Blackrock Road. Parkhurst’s site now for sale inches back from Victoria Road towards the Old Blackrock Road, and is close to substantial grounds owned by Bord Gais.
With development possibly in the offing at the SMA’s religious order’s Feltrim, and other adjacent sites by Ashton Park, plus large-scale apartment schemes long-awaited on the south docks, considerable change is afoot around Victoria Road and the city end of the Blackrock Road.
Development on this site by whoever snaps it up, and at whatever price, might be one of the first out of the blocks.
Details: Sherry FitzGerald 021-4273041