Former home of Golden Cobra Boxing Club sold for €990k

AN INDUSTRIAL unit in Cookstown Industrial Estate which has potential for residential redevelopment has been sold for €990,000.

The unit, which is located close to the new Innovation Centre, which is under construction by South Dublin Council, was formerly the home of Golden Cobra Boxing Club.

Unit 73 in Cookstown comprises a detached building extending to 1,601 sqm (17,233 sq ft) on a self-contained and gated 0.7-acre site.

While the property is zoned “objective regen” under the draft South Dublin County Council Development Plan, planning permission for 64 apartments on the subject site was refused in April 2021 as it was deemed to be premature.

The purchaser, an investor with vast experience in industrial property, intends on stripping the unit out and making it available to let for basic storage for the medium term.

There are a number of developments currently under way in this area of Cookstown which is close to the Fourth Aveneue leading up to Tallaght University Hospital.

Commenting on the sale of unit 73, Kieran Casey of Harvey said: “While the potential residential redevelopment of Cookstown Industrial Estate has long been discussed, practical progress on the ground has been slower than expected.

“Until that redevelopment becomes viable, buildings such as this offer short- to medium-term income in a traditionally popular trading location.”