The terrain around Carrigaloe would make a P&R site tricky. Also note that the population of Great Island is about 14k-15K. 80% of them live within walking distance of Cobh or Rushbrooke, so there isn't really a huge catchment for P&R.
More likely to provide customers is that the town of Cobh has been steadily creeping towards Carrigaloe. That's stopped with the property market slowdown in recent years, but is likely to resume if the economy gets going again.
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