PROPERTY

Plenty of opportunity at City Quarter development in Cork

The chance to ‘asset manage’ much of the iconic, but part-vacant, City Quarter development in Cork city comes to market this week. It guides at €14.5m, with scope to double the current rental income from €654,000 to €1.33 million, according to agents Savills.

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Savill’s banking on a sale including Cork city centre bunker-like cash vaults

The former Cork city centre cash vault stronghold for Bank of Ireland’s many Cork branches is up for grabs — but, while the site holds promise, it’s one empty of cash in any denomination.

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Bachelors Quay partner sought

The student letting market is being targeted in the c €10m sale of 78 riverside apartments, totalling 145 bed spaces in Cork city.

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Fáilte Ireland to open office in Cork

There’s already a feather in the cap of 125 Patrick Street Cork, as new tenants Fáilte Ireland/the Irish Tourist Board prepare to open a new city centre tourist visitor offices at this high-profile city centre building.

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Cork’s long-established Merchants Quay Shopping Centre comes to market

Prime Irish retail investments are now tracking the pick-up evident in the country’s top office markets since 2013; thus, the sale this month of Cork’s long-established Merchants Quay Shopping Centre is expected to gain international traction — despite its relatively small lot size, at a value of just €12.5 million for its 29 shop units and €1.47m rent roll.

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Sale of Merchants Quay units could fetch €12.5m

The investment sale of 29 shop units in the Merchants Quay Shopping Centre, on Cork City’s Patrick Street, is expected to make more than €12.5 million, with buying interest likely to come from a range of skilled retail asset investors.

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Danish lifestyle and homewares company Sostrene Grene latest arrival on Cork’s Patrick St

The arrival in coming weeks on Cork city’s Patrick Street of Danish lifestyle and homewares company Søstrene Grene is a harbinger of a retail uplift to come, as deals also advance with at least two ‘big-box’ retailers for the Capitol Cinema redevelopment.

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Watch: Lissardagh House has finery, classic gardens and historic roots

Tommy Barker on a country home that has engrossing tales to tell of changing political times and family ties.

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Watch: Renovated home in Douglas provides modern space but retains its character

Cottagey charm and character within two kilometers of Douglas and at the foot of Clarke’s Hill and Mount Oval.

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House of the week: Blackrock Village, Cork €725,000

Brian Olden and Jackie Cohalan of Cohalan Downing Auctioneers (CDA) say “it’s a high-quality property, with a wonderful flow to it, ideal for family living or entertaining.”

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These 14 large, detached properties in Kerry Pike will be snapped up by trader-uppers

Fourteen large, detached properties in Kerry Pike will be snapped up by trader-uppers, writes Trish Dromey.

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Conna home has four acres, stables and is next door to the 30-horse yard of a top Irish horse trainer

The village of Conna is home to some top horse facilities and lots of winning ways, finds Tommy Barker.

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Sandy Island home sits at the mouth of the Roaring Water Bay, West Cork

When it comes to a unique selling point, this Sandy Island home certainly ticks the box, says Trish Dromey.

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Blarney’s Emoh Rua is a spacious mix of town and country

SOMETIMES, you have to go backwards to go forwards and in the case of Emoh Ruo the hint is in the name— it’s ‘our home’ in reverse. 

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Trading up: Ballincollig, Co Cork €535,000

As a stylish, architecturally-designed house and the only individually-built one in its location, No 8 Chestnut Crescent in Classes Lake stands out.

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Trading up: Maryborough Woods, Douglas €375,000

A very early bid of the full asking price of €375,000 gives a strong indication of the salability of this four-bed semi at 30 Wheatridge, Maryborough Woods in Douglas.

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Trading up: Rochestown, Cork €335,000

Detached in Rochestown, in a cul de sac overlooking a green area, 29 Foxwood has much to attract a family.

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Trading up: Ballyvolane, Cork €275,000

Mature but modernised, No 25 Cahergal Avenue in Ballyvolane has been extensively renovated by current owners.

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Starter home: Douglas, Cork €210,000

Location the big attraction for three-bed in Grange, says Trish Dromey.

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Starter home: Union Hall, West Cork €199,000

Trish Dromey looks at an artist’s studio/ gallery in the fishing village.

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Steamboat Quay Car Park: Investment at many levels

Investor extraordinaire, Warren Buffett, once commented: “As commercial real estate continues to be sliced, diced, packaged and synthesised into complex investment securities, parking companies operate much like they did when the concrete was laid decades ago — a time when life was much more simple.”

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The best little warehouse in tech-specs at Little Island

New to the market this week is a large detached warehouse unit in the Euro Business Park at Little Island near Cork. This property is described as a high quality detached warehouse building constructed about 15 years ago.

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Hi-tech office spaces available in Shannon Free Zone digital hub

Just launched to-let in the market is Universal House, in the heart of the Shannon Free Zone (SFZ) in Co Clare. This is part of a wider €21 million project aimed at making the Shannon Free Zone one of the biggest digital hubs in Ireland.

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2016 sales are reaching historic levels

The year so far has been very good for commercial property sales and the forecasted €3.5bn total is within sight, writes Patrick Curran.

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Commercial unit metres from the heart of Cork city

Barry Auctioneers and Valuers is currently offering for sale a centrally located commercial unit in Cork city. This is a single storey mid-terrace property located at 16 Anglesea Street.

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House of the week: Blackrock Road, Cork City €1.1 million

Jesmond appears to be a bit of a beauty worth a shout-out about, amid good company right on the Blackrock Road past Ballintemple village.

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WATCH: Georgian home on the banks of the Lee is on the market for €1.1m

Tommy Barker on a unique riverside home on 13 acres.

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WATCH: This restored, extended South Cork home offers a quiet country life for €295,000

This home exudes comfort and tradition but also offers a variety of potential uses, says Tommy Barker.

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This spacious Georgian villa in beautiful West Cork is on market for €1.4m

The Rectory is on c1.25 acres, with two entrance drives, and faces south over its dropping lawns to the harbour and ocean, above the Wild Atlantic Way.

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It’s hard to imagine this 19th-century Limerick home was ever a wreck

A serial renovator, it took Geraldine Dennehy over six months to refurbish Cosima, writes Trish Dromey.

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