Thanks for the replies.
I have some information back from the estate agent and am waiting to here back from my Solicitor on the possibility of developing the existing dwelling.
FYI the water i believe already has its source near by so approx 600euro to connect. The Electricity is 200metres away and will cost approx. 10,000 euros to connect!! Allready a negative to buying this property sadly. Will wait and see what the solicitor has to say!