Substantial residential development opportunity at Drumalee, Cavan Town
NEW LAND LISTING: Substantial residential development opportunity at Drumalee, Cavan Town. Extends to 11.80 acres zoned ‘Proposed Residential’ and ‘Residential Strategic Reserve’.
Commenting on the sale, Niall Brereton of Bannon said: “It Is seldom that such a well-situated landholding comes to the market in Cavan Town. As is the case with many other provincial towns, demand for housing in Cavan continues to outstrip supply. The regional planning framework for the area envisages population growth of over 30 per cent between now and 2040. This site will allow developers to bring forward development proposals on an incremental basis (subject to planning consent) to meet current and future housing needs.”