A controversial Cork city convent site, which has had five owners since 1996 and which was twice ravaged by fire, in 2003 and again 2012, is back for sale. The Good Shepherd Convent in Sundays Well carries a guide price of €6.75 million, having secured new planning permission for 202 residential units: it last sold only three years ago, for just over €1.5 million. After the 2012 fire, the Good Shepherd Convent property transferred via an Ulster Bank loan sale to Cairn Homes, who resold via Savills to its current owners, Monreda Development for a reported €1.5m three years ago. And, it’s back for sale, seeking new developer or investor buyers, with its planning for 202 units secured in the face of objections, public meetings, campaigns and talk of judicial reviews. And, the most recent sale of residential development last pitched at the high-density PRS sector, on Cork’s South Douglas Road, has been bought by Centurion Homes, who appear to favour a lower density development similar to their Aylesbury scheme in Ballintemple.

Source: Irish Examiner May 01, 2019 14:15 UTC