A site in the heart of Letterkenny bought by Donegal County Council for more than €4,000,000 is to be let out by the local authority – for grazing animals.
The 8.23 acre site at High Road, behind the Letterkenny Fire Station and opposite Mac’s Deli, is one of the most expensive parcels of land ever sold in Donegal.
It is understood the council purchased the land to build homes on.
However, it is thought the planing process may take a number of months.
In between the council has now advertised the site for “grazing/pasturage.”
The initial letting period will run from August 1st until October 31st this year.
The site was sold to the council after huge interest from prospective buyers by Mr Henry McCahey, director of Boyce Gallagher.
At the time he said “I can confirm that the sale has been closed. There was a huge amount of interest from all over Ireland and abroad.”
Planning permission was granted for the 8.23 acre site in 2004 for a development comprising six retail units, 190 apartments, 17 duplex units and 18 townhouses.
“While this planning permission has since expired, we believe that due to the high level of demand in the town, permission for an even more substantial development may be achievable,” Mr McCahey said last year when the property when on the market.
The site is Zoned ‘Established Development/Mixed Usage’ in the County Development Plan 2018-2024 and could lend itself to an array of development opportunities.
Those interested in renting what is thought to be Donegal’s most expensive ever grazing lands are asked to apply in writing including their cost proposal before July 21st.
