Firm linked to Tyrone builder selling site of old Magdalene laundry
A company linked to Co Tyrone building giant McAleer & Rushe has put the site of a former Magdalene laundry in Cork on the market for around €6.75m (£5.77m).
The site of the former Good Shepherd laundry has planning permission for 182 apartments, 20 townhouses and a creche facility.
It is being sold by Moneda Developments, a company linked to Eamonn Laverty of McAleer & Rushe.
Moneda bought it around three years ago from Cairn Homes which in turn acquired it as part of a loan book transaction.
The property is in an upmarket area known as Sunday's Well within walking distance of University College Cork.
The current planning permission allows for a number of blocks, with two to be built behind the facades of the old red-brick Victorian convent buildings which have panoramic views overlooking the River Lee.
Another tranche of apartments will be located within another part of the former convent buildings.
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The permission also requires the refurbishment of a coach house/bake house building for use as a residents' meeting room, exhibit space to display information relating to the site's history as an orphanage and Magdalene laundry, as well as a place of burial for Little Nellie.
Also known as Little Nellie of Holy God, she was just four years old when she died in 1908. Her many devotees believe she had miraculous powers and have been trying to get her canonised as a saint.
A year after her death, her remains were exhumed for reburial in the Good Shepherd Convent Cemetery in Sunday's Well. It is claimed that when the coffin was reopened, she looked exactly like she had at the moment of her death, with not a hint of decay.
A creche will be located in a sensitively refurbished gate lodge next to one of the entrance gates.
Peter O'Meara of sales agent Savills said the sale follows a pick-up in demand and activity for build-to-rent schemes in the city centre of Cork over the last 12-18 months.
Accessed from both Convent Road and Buxton Hill, the site is next to Cork City Gaol, a popular tourist attraction, and within walking distance of both the Mardyke Arena and Fitzgerald's Park. It is also less than 1.5km from Apple's European headquarters which employs some 6,000 people.