Strategic Development Opportunity GOOD SHEPHERD CONVENT SUNDAY’S WELL, CORK. Bid Date Wednesday 8th June 2016 (unless previously sold) Approximate outline. Sale Highlights • Located in Cork’s most desirable residential address • Just 2kms from Cork City Centre, also close to UCC, County Hall, The Mardyke and Fitzgerald’s Park • South-facing site of approximately 3.14 hectares (7.8 acres) with panoramic city views • Approx. 2.48 hectares (6.12 acres) zoned Z04; to provide for residential, local services, institutional and civic uses • Suitable for a wide variety of uses including residential, student apartments, educational, nursing home, hotel, retirement village, private hospital or clinic • Planning precedent for 200 residential units (now expired) The Opportunity The Property Savills is delighted to offer for sale this The property forms part of The Treasure Collection and consists strategic development opportunity located of an elevated site extending to approximately 3.14 hectares in Sunday’s Well, established as Cork’s (7.8 acres) with a southerly aspect overlooking the River Lee, most sought after residential address. The UCC and the western city suburbs. The site is accessed off property incorporates the former Good Sunday’s Well Road via Buxton Hill to the east and Convent Shepherd Convent dating back to 1872. Road to the west. The former Good Shepherd Convent is an While now dilapidated, this building and the imposing listed building, now derelict, located along the northern entire site achieved planning permission for boundary of the site. the development of approx. 200 residential units in 2006. The opportunity now exists to acquire this prime development opportunity which is capable of accommodating a wide Zoning variety of uses S.P.P. Under the Cork City Development Plan 2015, the site has a number of zoning objectives. The primary development zoning is for Residential, Local Services and Institutional Uses. There are a number of protective zonings which include; Landscape Preservation Zone (LPZ); Area of High Landscape Value (AHLV) and Architectural Conservation Area (ACA). A specific zoning on 0.66 hectares, NW15; states an objective to ‘provide landscape structure and open space in any redevelopment’. Protected Structure The former convent is a listed building under the National University College Cork Inventory of Architectural Heritage No. 20862019 and under the Cork City Development Plan 2015 Ref. PS721. The Location LIMERICK Planning History AD DUBLIN Sunday’s Well is a mature and highly sought NORTH RING RO after residential area located just 2 kms Under planning reference 06/30540, planning was granted on west of Cork City Centre. There are many N20 AD appeal (PL.28.219782) for the conservation and conversion GOOD SHEPARD LOWER GLANMIRE RO attractions in the area including The Mardyke TRAIN STATION N8 CONVENT of the former convent building to facilitate the development of AD Sports Complex, Fitzgerald’s Park and the ’S WELL RO JACK LYNCH SUNDAY approx. 200 residential units. This permission expired on the TUNNEL River Lee.The site lies adjacent to Cork City AD CITY CENTRE WESTERN RO UCC 14th June 2012 and the property is being sold without the N22 BON AD Gaol Museum, a local landmark and popular SECOURS HOSPITAL benefit of any planning permission. DENNEHY’S COLLEGE RO tourist attraction. Sunday’s Well regularly CROSS AD MODEL FARM ROAD MAGAZINE RO achieves residential sales prices at the top DOUGL MAHON POINT A CORK AD S SHOPPING CENTRE N RO RO end of the market which is borne out by UNIVERSITY E A GLASHE D HOSPITAL strong demand from buyers mainly seeking N27 KINSALE to ‘trade up’. ROAD DOUGLAS ROUNDABOUT 0 N4 CASTLETREASURE AD SOUTH RING RO CORK AIRPORT WEST CORK & KERRY For illustrative purposes only. River Lee Hotel Cork City Centre University College Cork Presentation Brothers School The River Lee Sunday’s Well Tennis Club Sunday’s Well Road Cork City Gaol Museum For illustrative purposes only. Basis of Sale The property forms part of The Treasure Selling Agent Solicitor Collection which is being offered for sale in one or more lots with bids due by 8th Contact Eversheds June 2016 (unless previously sold). Savills One Earlsfort Centre 11 South Mall Earlsfort Terrace Price Cork Dublin 2 On application to the sole selling agent. Peter O’Meara Joseph Stanley Title +353 21 490 6114 [email protected] +353 87 236 1181 +353 (0) 1 664 4200 Freehold and Long Leasehold. [email protected] Marie O’Riordan Services Denis O’Donoghue [email protected] All services are available and connected +353 21 490 6118 +353 (0) 1 664 4914 to the site. +353 87 417 8315 [email protected] Rachel Murray Further Information [email protected] Interested parties will at the vendors James O’Donovan +353 1 6644 200 discretion be provided with access +353 21 490 6120 to a Data Room on signing a Non- +353 83 101 5715 Disclosure Agreement. The Data Room [email protected] contains comprehensive information about the property including site Mark Reynolds maps, planning and services reports, Director legal information and details of the +353 1 618 1326 bidding process. [email protected] Viewing Strictly by appointment through the sole selling agent only. Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/Lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland | 2014 design | conradjones.com.