Clonmel Arms re-development gets go-ahead.

A brief post to confirm that the long-delayed Clonmel Arms re-development by BORC Developments has finally got the approval of An Bord Pleanala.

After 4 years of seeking planning permission, in which time the hotel has been closed, this is a great boost for the town centre.

Permission has been granted for 330+ car parking spaces, 40,000 sq ft of large footprint retail to include bar/restaurant/cafes, 15,000 sq ft office space, a Medical Centre and 14 x 2 & 3 bed apartments overlooking the river.

Great news for Clonmel. Full details to follow as they unfold.

www.pfq.ie

Misplaced Optimism?

We are told that we are in the bust part of a "Boom and Bust" cycle in the property business. It is hard to know if we are at the start, middle or end of the bust, but we are certainly somewhere in it.

Not all agents see things this way though. I received a brochure in the post from an agent in Kilkenny, promoting a development site, close to the town centre. A difficult sell in current circumstances, I would have thought. But no, the agent thinks otherwise.

The covering letter says(in bold red print):

Developers, get ready for the Property Upturn!

Do they know something that we don't?