Approx. 21.30 acres at Raforker, Donegal Town, Co. Donegal

The Property -Greenfield development site extending to approx. 8.62 Ha (21.30 acre) with the lands historically in agricultural use. -Access to the lands is via a designated County / Town Development planned inner link road named Winward Drive, with all services already available at the East boundary. -Pertains a mixture of zonings under the Donegal Town LAP 2018 - 2024, which have been split out under the following plots; Plot A - Approx. 8.40 acres zoned 'Primarily Residential' Plot B - Approx. 5.60 acres zoned 'Local Environment' Plot C - Approx. 7.29 acres zoned 'Strategic Residential Reserve' Location -The subject property is situated approx. 1 km south east of Donegal Town Centre and is accessed via Winward Drive, off the Old Laghey Road. -Donegal Town has a bustling local economy and vibrant town centre. The town has long been a tourist hub with strong seasonal Business, especially given its ideal location along Ireland's Wild Atlantic Way. -In recent years, there has been a large influx of new families coming to the area and availing of new remote working policies, in addition to a more relaxed living environment. There is an extensive industrial base near Donegal Town Centre, featuring companies like Abbott Ireland Diabetes Care and Cherrymore Kitchens & Bedrooms which offer numerous employment opportunities. -The town is situated approx. 48 km south west of Letterkenny, approx. 60 km north east of Sligo and less than 200 km north west of Dublin. The Opportunity -The property offers buyers a prime opportunity to develop a residential land bank with potential for 194 houses (spp). -A feasibility study of the entire site, completed in compliance with the Donegal Town Local Area Plan 2018 - 2024, shows potential for 161 no. semi-detached houses and 33 no. detached houses. -Both Plot A and Plot B of the subject site will allow for an immediate planning application to be lodged for c. 117 houses. -Plot C currently pertains a 'Strategic Residential Reserve' zoning and there's a strong possibility of this Plot being rezoned to 'Primarily Residential' in the upcoming renewal of the local area plan. Upon rezoning, Plot C has the potential for a further 77 houses. -There is capacity amongst all services in the existing infrastructure, with no further upgrades outside of the site boundary required for the development of the subject site. -Exceptionally strong price growth within the town has been observed over recent months, largely due to pent up demand for new homes in the area. -Development of the subject site will unlock the future potential of the adjoining zoned lands, with a public link road proposed in the current LAP to be developed.