€31m Arklow site back on market for €3.5m

An extensive waterfront development site on the South Quays at Arklow Harbour in Co Wicklow, is expected to generate considerable interest among developers and investors when it goes for sale today through agents CBRE.

Robert Colleran of the agency is quoting in excess of €3.5 million for the superbly- located property at the head of the Avoca river overlooking Arklow Marina and the local golf club.

The 5.2 hectare (12.92 acres), previously owned by bathroom product manufacturer Qualceram Shires, was bought in 2007 by Brattice Properties for €31 million.

The site is about 1km south of the town centre and Bridgewater Shopping Centre.

The site includes four large industrial units and an area which has been cleared for future development.

A modern building extending to 4,836sq m (52,955sq ft) has been leased on a short term basis to Gaines Europe Ltd.

The balance of the site of 4.26 hectares (10.53 acres) includes the three old industrial buildings which are considered to be “past their economic life and suitable for redevelopment, “ according to Colleran.

Permitted uses allowed under the local development plan include residential, hotel, recreational, restaurant and shops.

The Avoca river services both Arklow Harbour, a commercial port, and Arklow Marina on the North Quays which has berths for up to 42 boats in the inner harbour and 30 berths on pontoons on the river itself.

The South Docks, conveniently located beside the site for sale, is a working dock for commercial fishing boats and the RNLI lifeboat.

There are also three large berths to the north of the site that can accommodate larger boats and cruisers and a smaller 20 berth marina to the immediate west of the site.