PROPERTY

Kinsale’s Desmond House features in upcoming Munster Property Auction

Properties ranging in value from €65,000 to over €525,000 are to feature in an upcoming Munster Property Auction, organised by I Am Sold in partnership with a number of agents.

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Marker — a scheme apart

SOME of Dublin’s very best apartments come for sale with week in the Marker Grand Canal Dock Scheme, valued at c €40 million, or over €400,000 per apartment.

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Fits the bill at €1.5m

One of Munster’s largest stand-alone sports facilities, the Sources Health & Fitness Centre in Cork’s Tivoli is back for sale, now guiding €1.5million via Lisney, for a sizeable complex.

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Application withdrawn for quay office site

Progressive Commercial Construction’s application for a major office development on Cork’s Albert Quay has been withdrawn.

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Overseas retailers heading for ‘Pana’

A turnaround in the fortunes and occupancy levels of Cork city’s premier retail boulevard Patrick Street is predicted in the next year, with significant national international brand names set to arrive and take significant floor space.

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Cover story: Lifestyle home is just a two minute walk to the sea

Anam Cara dates in part to the 1700s, but has been extended and refurbished to an exacting standard.

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Feature: Rooms with a view in very special area

With lakeshore access and a swimming pool, there’s a watery theme to this Kerry jewel.

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House of the week: Burlington, Douglas, Cork €450,000

Size: Sq m 184 (2,000 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: Pending
Best asset: Waterside setting

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Harbour Gem: East Ferry, Cork Harbour €1.5 million

Size: Sq m 462 (5,080 sq ft)
Bedrooms: 4 plus 1 Bathrooms: 5 plus 1
BER rating: E1
Best feature: Superb, in sublime setting

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Trading up: Conakilty, West Cork €295,000

Sq m: 168 (1,800 sq ft)
Bedrooms: 4 Bathrooms: 3

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Trading up: Faithlegg, Waterford €350,000

Sq m: 167 (1,800 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: D1

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Trading up: St Luke’s, Cork €320,000-plus

Sq m: 204 (2,200 sq ft)
Bedrooms: 6 Bathrooms: 2/3
BER rating: F

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Trading up: Rosscarbery, Cork €170,000

Sq m: 93 (1,000sq ft)
Bedrooms: 2/3 Bathrooms: 2

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Starter homes: Kilworth, Cork €250,000

Size: 186 sq m (2,000 sq ft)
Bedrooms: 4 Bathrooms: 2
BER rating: C3
Best feature: Tasty

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Starter homes: Colla Road, Schull €390,000

Size: 165 sq m (1,765 sq ft)
Bedrooms: 2 Bathrooms: 3
BER: N/A
Best feature: The sea

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Starter homes: Ardfield, Clonakilty €165,000

Size: 75 (807 sq ft)
Bedrooms: 2 Bathrooms: 1
BER rating: G

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Starter homes: Dillons Cross, Cork €100,000

Size: 83 sq m (900 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: G

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Starter homes: Togher, Cork €185,000

Sq m: 102 (1,100 Sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: N/A

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Starter homes: Cobh, Co Cork €65,000

Sq m: 84 (900 sq ft approx)
Bedrooms: 2 Bathrooms: 1
BER rating: C3

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Newry businessman is major Tipperary estate buyer

Blarney Golf Resort’s new owner was also the buyer of Co Tipperary’s 1,200 acre Kilcooley estate, the Irish Examiner has learned.

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Club gets green to go

Sold at the lower end of its €4 million to €5 million price guide to a consortium, is Co Kildare’s Moyvalley hotel and golf club, with 460 acres, apartments and courtyard cottages.

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€2 million hotel tag

The Westlodge Hotel in Bantry, Co Cork which has been in operation for over 40 years, is for sale for €2 million.

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Tesco Express in Bray checks out in €2.7m sale

A Bray Tesco Express sale has closed out for €2.7m, indicating a net initial yield of 8.6%.

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Office site with planning grant going for €25m

A Dublin office site with a 2013 planning grant for 1660,000 sq ft of Grade A offices is for sale for €25 million, having previously sold for €160m to Bernard McNamara.

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Belfast tower hits new heights with £20m buyer

A Belfast tower building 11 storeys higher than the Republic’s tallest structure, the Elysian, has been sold as part of a loan sale.

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Grand Parade of latest acquisitions

Serial pharmacy investors Conor and Denise Phelan are continuing a second expansion of their chain of outlets.

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Portfolio with income potential

A mixed commercial and business property portfolio with an annual income of €650,000 is being offered to Irish and overseas investors, carrying a €6.5 million price guide.

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Cover story: Bask on Marina and watch the world sail by

Location: Marina, Blackrock
Price: €950,000 Size: 260 (2,800 sq ft)
Bedrooms: 5 Bathrooms: 4
BER rating: D2
Best Feature: Period authenticity

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House of the week: Model Farm Road, Cork €565,000

Size: 190 sq m (2,045 sq ft)
Bedrooms: 5 Bathrooms: 4
BER rating: C1
Best asset: Great home and garden

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Trading up: Lehenaghbeg, Cork €385,000

Sq m: 150 (1,615 sq ft)
Bedrooms: 5 Bathrooms: 4
BER rating: C1

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Trading up: Midleton, Co Cork €250,000

Sq m: 155 (1,670 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: N/A

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Trading up: Ballincollig, Cork €265,000

Sq m: 69 (750 sq ft)
Bedrooms: 2 Bathrooms: 1
BER rating: G

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Trading up: Skehard Road, Cork €220,000

Sq m: 92.9 (1000 sq ft)
Bedrooms: 3 Bathrooms: 1
BER rating: E1

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Successful city auction nets €1.7m in 30 minutes

A total of €1.7 million was transacted in just 30 minutes this week at the latest Resolve auction.

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Mixed-use Kinsale building for €250k

A MIXED used building in the heart of harbour town Kinsale is for sale, with seven apartments, office space and ground floor commercial use — all for €250,000-plus.

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Crafty pub owner buys Dublin premises for Sober makeover

A Londonbridge address comes with a Dublin 4 pub buy — bought this week by a Cork-based publican, restaurateur and nightclub owner.

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Warehousing stability

THERE are emerging signs of price stability in industrial rents and sale prices in Cork, says agent David McCarthy of Lisney, confirming details of two recent sales on behalf of receivers, and as the firm brings a further large Harbour Point unit to the open market.

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Appeal withdrawal clears way for former Dell site

Work should be clear to proceed on a redevelopment of the Dell computer plant in Limerick into a €300 million medical manufacturing facility after withdrawal of an appeal to An Bord Pleanála.

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Athlone hotel at the heart of it all

Guided at just under €1m is the 71-bed Midlands hotel, the Creggan Court, part of a roadside complex in the centre of Ireland, at Athlone.

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Penneys are on a roll

TOMORROW is the tender date for the sale of Cork City’s Victoria Hotel on St Patrick’s Street and Cook Street, with well over a half dozen parties expected to make offers on the historic 33-bed city hotel.

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It's a sort of dream in shades of cream, easy on the eye, rich and effortlessly accommodating across three and four levels and half levels

Cover story: Dream home with five star standard inside

A Victorian property high above Cork harbour pushed out the boat when it was renovated.

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House of the week: Douglas, Cork €395,000

Size: 155 sq m (1,730 sq ft)
Bedrooms: 3 Bathrooms: 3
BER rating: G
Best asset: Mix of old and new

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Trading up: Monkstown, Cork €245,000

Sq m: 97 (1,050 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: B2

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Trading up: Bishopstown, Cork €250,000

Sq m: 147 (1,581 sq ft)
Bedrooms: 4 Bathrooms: 2
BER rating: C3

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Trading up: Ovens, Co Cork €370,000

Sq m: 138 (1,485 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: B3

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Trading up: Cobh, Co Cork €450,000

Sq m: (2,500 sq ft)
Bedrooms: 4 Bathrooms: 4
BER rating:C3

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Age should not diminish this gem

Starter homes: Sunday’s Well, Cork €185,000

Size: Sq m: 154 (1,665 sq ft)
Bedrooms: 3/4 Bathrooms: 1
BER rating: N/A

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Starter homes: Ballincollig €200,000

Sq m: 117 (1,259sq ft)
Bedrooms: Three/ four Bathrooms: One
BER rating: E1

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Fota Island Resort wins planning extension

Fota Island Resort’s new owners have obtained permission to complete an overhaul for which local authority approval was first granted a decade ago.

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Aldi wins Elysian go-ahead

A rare and clear run through planning has been secured by Aldi for a new store at the ground floor of Ireland’s tallest building, the Elysian, right next door to Cork’s City Hall.

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Nama’s largest asset sells for €311.5m

ONE of the first firms to avail of real estate investment trust legislation introduced by Finance Minister Michael Noonan in the budget, Green REIT, has concluded its acquisition of Nama’s biggest prize — Central Park, Dublin, for €311.5m.

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The Millrace Hotel is sold

Hotels ‘booked out’

HOTEL sales momentum is continuing to gather pace as the year’s first quarter ends, with sales agreed or closed totalling around €10m at Cork’s Oriel House Hotel, in Ballincollig, in Charleville, and in Wexford’s Bunclody, where the Millrace (previously a Carlton hotel), has just been sold by CBRE.

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€2m sale for Maltings

A MODERN mixed-use investment building in Cork’s Carrigaline has been sold for around €2 million, acquired by an Irish investor via a competitive bid process.

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Cover story: Comfort meets efficiency in Clonakilty home

Tommy Barker visits a 1970s bungalow near Clonakilty that has been given a tasteful rebuild, complete with high-spec insulation and cutting-edge green building techniques.

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House of the week: Douglas village €335,000

Size: Sq m 116 (1,250 sq ft)
Bedrooms: 4 Bathrooms: 1
BER rating: E2
Best asset: Suburban solidity

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Trading up: Blackrock, Cork €239,000

Size: Sq m 140 (1,500 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: N/A

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Trading up: Blackrock, Cork €550,000

Sq m: 370 (4,000 sq ft)
Bedrooms: 6 (plus 2) Bathrooms: 2 (plus 1)
BER rating: Exempt

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Trading up: Blarney, Co Cork €390,000

Sq m: 281 (3,035 sq ft)
Bedrooms: 6 Bathrooms: 6
BER rating: C3

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Trading up: Skehard Road, Cork €265,000

Sq m: 102 (1,100 sq ft)
Bedrooms: 4 Bathrooms: 2
BER rating: E2

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Trading up: Ballincollig, Cork €275,000

Sq m: 112 (1,200 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: D1

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A country home with top equestrian facilities is a real stunner

Feature: Cahir, Tipperary €800,000

Size: Sq m 250 (2,600 sq ft)
Bedrooms: 4 +2 Bathrooms: 3+1
BER rating: Exempt
Best feature: Courses for horses

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No 4 Redemption Road has good-sized site and is close to city centre

Starter homes: Redemption Road, Cork €225,000

Size: 133 sq m (1,425 sq ft)
Bedrooms: 4/5 Bathrooms: 2
BER rating: Pending

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Wonderful character in Aherla home

Starter homes: Aherla, Cork Price: €180,000

Bedrooms: 3 Bathrooms: 1
BER rating: G

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Starter homes: Glyntown, Cork €145,000

Sq m: 700 sq ft
Bedrooms: 2 Bathrooms: 2
BER rating: C1

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Starter homes: Douglas, Cork €197,500

Sq m: 102 (1,100 sq ft)
Bedrooms: 3 Bathrooms: 1
BER rating:F

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The fast-food drive-thru in Dublin has rent of €290,000 per annum.

McDonalds/KFC drive-thru sells for close to €4.5m

A Dublin ‘drive-thru’ investment just off the M50 and let to fast-food operators, McDonalds and KFC, with a rent roll of €290,000, has been bought for a private investment portfolio for close to €4.5m, showing a 6.7 % return.

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Dublin City hotel is ‘inn’ demand for €9m

A Dublin City centre hotel, which previously traded as a Holiday Inn, is for sale for €9m.

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Office rents up 10%, but retail rents falling

Office rents are up 10% already in 2014 in Dublin as the office market leads the recovery of the country’s commercial market — but retail’s still a drag, with rents continuing to fall even in major cities like Cork and Dublin.

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Blocks in the city

TWO niche apartment blocks in a high-profile corner setting by Cork’s Kent rail station are new to market this week with agents Savills who describe them as “high-end”.

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An extension to Creagh House could see it match its magnificent 56 acre estate and gardens

Cover story: Skibbereen, Cork €5 million

Size: Sq m 420 (4,500 sq ft)
Bedrooms: 4/5 Bathrooms: 2/3
Best feature: Sublime

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House of the week: Maryborough, Cork €650,000

Size: Sq m 212 (2,290 sq ft)
Bedrooms: 4 Bathrooms: 4
BER rating: C2
Best asset: Quality job

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Based on current planning permissions, less than 100 new units are likely to be deliverable throughout the remainder of 2014

Mapping the future

The time may be ripe for residential investors to consider opportunities in regional cities and large towns.

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A classic, dotey little council cottage dating from the 1960s with an unchanged layout

Dreamy coastal cottage in West Cork

Dunworley, West Cork Price: €150,000
Size: Sq m 70 (750 sq ft)
Bedrooms: 2/3 Bathrooms: 1
BER rating: G

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Tommy Barker visits a home with both a lavish interior and the prospect of the great outdoors.

Perfect tee for moving up in East Cork

Midleton, Cork €450,000
Size: 205 sq m (2,200 sq ft)
Bedrooms: 5 Bathrooms: 3
BER rating: N/A

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Mining the past for modern stunner

Trading up: Kilcoe, Ballydehob €525,000

Size: Sq m 174 (1,850 sq ft)
Bedrooms: 2+1 Bathrooms: 2+1
BER rating: C1
Best feature: Special

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Trading up: Crossbarry, Cork €495,000

Sq m: 260 (2,800 sq ft)
Bedrooms: 5 Bathrooms: 5
BER rating: B3

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Trading up: Rossa Avenue, Cork €420,000

Sq m: 255 (2,750 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: TBC

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Trading up: Blackrock, Cork €225,000

Sq m: 110 (1,175 sq ft)
Bedrooms: 3 Bathrooms: 1
BER rating: N/A

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Trading up: Ballard, Cobh €360,000

Sq m: 149 (1,600 sq ft)
Bedrooms: 4 Bathrooms: 4
BER rating: C1

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Six bedrooms and an attractive price prove a real attraction.

Starter homes: Bishopstown, Cork €220,000

Size: 140 (1,500 sq ft)
Bedrooms: 6 Bathrooms: 3
BER rating: G

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Family home ticks all the boxes

Starter homes: Glanmire, Cork €240,000

Size: Sq m 116 (1,258 sq ft)
Bathrooms: 3 Bedrooms: 4
BER rating: C1

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Starter homes: The Lough, Cork €240,000

Sq m: 111 (1,200 sq ft)
Bedrooms: 3 Bathrooms: 1
BER rating: G

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Starter homes: Turners Cross, Cork €140,000

Sq m: 54 (580sq ft)
Bedrooms: 3 Bathrooms: 1x
BER rating: D1

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Hotel is a Grand buy for just €550,000

A seaside hotel with a history of 219 years is for sale in Waterford.

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House of the week: St Luke’s Cross, Cork €340,000

Size: Sq m 210 (2,250 sq ft)
Bedrooms: 5 Bathrooms: 4
BER rating: B3

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Trading up: Ardbrack, Kinsale €575,000

Sq m: 162 (1,750 sq ft)
Bedrooms: 5 Bathrooms: 3
BER rating: C2/C3

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The latest in a series of cottages made over by serial renovators hits the romance spot, and the market

Feature: Skibbereen €350,000

Size: Sq m 185 (2,000 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: Pending

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Trading up: Wilton, Cork €235,000

Sq m:108 (Sqft 1160)
Bedrooms: 3 Bathrooms: 1
BER rating: D1

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Trading up: Barleycove, West Cork €380,000

Sq m: 110 (1,200 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: E2

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Trading up: Maryborough, Cork €370,000

Sq m: 126 (1,360 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: C1

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Trading up: Douglas, Cork €535,000

Sq m: 178 (1,916 sq ft)
Bedrooms: 5 Bathrooms: 2/3
BER: F

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Spring into action for Winter's Hill

Starter homes: Sunday’s Well, Cork €130,000

Size: Sq m 78 (840)
Bedrooms: 4 Bathrooms: 1
BER rating: G

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Needs a complete overhaul but at least it's better than paying rent.

Starter homes: Turner’s Cross, Cork €99,000

Size: 75 sq m (800 sq ft)
Bedrooms: 3 Bathrooms: 1
BER rating: G

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Starter homes: Wilton, Cork €169,000

Sq m: 102 (1,100 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating:N/A

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Starter homes: Ovens, Co Cork €199,000

Sq m: 93 (998 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: N/A

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Lissarda Manor on three acres could be a lucky 13 for someone

“There’s huge value for money here,” says Sam Kingston of Casey and Kingston, appointed selling agent for the 10,000 sq ft, expensively-built Lissarda Manor guest house on the main Cork-Macroom/Killarney Road.

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Three bankers hit Munster market

THREE working bank premises, all on long leases to AIB, hit the market this week as investment buys through Irish and European and GVA Dónal Ó Buachalla.

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Watchorn family buys historic Doolan’s bar

Waterford’s historic T&H Doolan’s inn has been bought by a bar and hospitality family from the south-east for over €500,000 at a lively auction.

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New future for Heritage

An emblem of the Celtic Tiger era, the Heritage Hotel in Co Laois, goes for sale this week with €5.5m price guide.

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€3.2m city portfolio

A private investment portfolio of 28 apartments, and two retail units in Cork city centre is being offered to market in lots, worth €3.2 million combined.

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This Castletroy Limerick home is big, but far from brash, with understated decor

Family home with class: Castletroy, Limerick €680,000

Size: 380 sq m, (4,050 sq ft)
Bedrooms: 5 Bathrooms: 3
BER rating: B2
Best feature: Well delivered

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