PROPERTY

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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More than meets the eye in rebuilt suburban home

Cover story: Ballinlough, Cork €285,000

Size: 116 sq m (1,250 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: B3

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House of the week: Douglas Road, Cork €675,000

Size: Sq m 232 (2,500 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: F
Best asset: Top selling location

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Trading up: Glounthaune, Cork €350,000

Sq m: 185 (2,000 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: D1

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Trading up: Clonakilty, Cork €229,000

Sq m: 300 (3,200 sq ft)
Bedrooms: 7 Bathrooms: 2
BER rating: D1

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Trading up: Rochestown, Cork €320,000

Sq m: 157 (1,700 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: C3

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Trading up: Glanmire Cork €305,000

Sq m: 140 (1,500 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: C3

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The Martingales packs a lot into its three-quarter of an acre site near Kinsale

Bliss ‘n beauty in Belgooly

Location: Belgooly, Cork
Price: €535,000
Size: Sq m 280 (3,000 sq ft)
Bedrooms: 6 Bathrooms: 6
BER rating: B3
Best feature: Space and country setting

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Deft decor, visually engaging, this Pike Road pad would be great catch

Starter homes: Fermoy, Cork €120,000

Size: 110 sq m (1,200 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: C3

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Starter homes: Midleton, Cork €240,000

Sq m: 126 (1,350 sq ft)
Bedrooms: 4 Bathrooms: 3

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'The Hamptons', without price tag

Starter homes: Watergrasshill, Cork €152,000

Size: Sq m 93 (1,000 sq ft)
Bedrooms: 3 Bathrooms: 3
BER rating: C1

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The expansion of multinationals like EMC, which has offices at Citygate, Mahon, above, is one prong of the property recovery. Picture: Denis Scannell

Cork’s property market recovery due to foreign input

Cork’s recovering property market is being driven by international forces: FDI new arrivals, the expansion of presences like Apple and EMC, and by foreign investors.

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Anner Hotel, in Thurles, sold for more than its €1.1m price.

Two hotel sales save 180 jobs

More than 180 hotel jobs in Tipperary and Cork have been secured with the sales of two well-known county hotels, The Anner, in Thurles, and the Midleton Park Hotel, in Cork.

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Occupied by a Tesco Extra supermarket and a pharmacy, this single-storey building has annual rental income of €103,000.

Tesco rent’s an Extra

A RECENTLY let, double-tenanted building on Cork’s suburban Douglas Road, by St Finbarr’s Hospital, is up for sale as an investment, for €1.5m.

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The 1.46-acre site in Mallow, Co Cork, which has planning until 2017.

Six-house site in Mallow with planning for €150,000

Already well over its guide price is a development site for six houses in Ballyellis, Mallow.

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The red-brick, Bank of Ireland branch at Wilton Shopping centre has been sold for just over €3 million to Norwegian investors, Adel Crest.  Picture: Denis Scannell

Norwegians buy bank

Confidence in investment recovery in the past year is evident in the €3m-plus sale to Norwegian buyers of a Bank of Ireland bank branch in Cork’s Wilton suburb.

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Modern Georgian has all 'manor' of good features

Cover story: Golden Vale €750,000

Size: 470 (5,020 sq ft)
Bedrooms: 5 Bathrooms: 3
BER rating: Pending

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House of the week: Frankfield, Cork €475,000

Size: 225 sq m plus attic level
Bedrooms: 4/5 Bathrooms: 4
BER rating: Quality and value
Best asset: Popular family estate

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Trading up: Douglas, Cork €385,000

Sq m: 115 (1.240 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: D2

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Trading up: Tivoli, Cork €550,000

Sq m: 93 (1,000 sq ft)
Bedrooms: 2X4 Bathrooms: 2X4
BER: B3/C1

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Trading up: Magazine Road, Cork €250,000

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

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Trading up: Goleen, West Cork €230,000

Sq m: 130 (1,400 sq ft)
Bedrooms: 3 Bathrooms: 3
BER rating: n/a

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Built 34 year ago, this handsome home and its lush garden have been upgraded and well tended by its only owners.

Starter homes: Rochestown, Cork €350,000

Size: Sq m 140 (1,500 sq ft)
Bedrooms: 4 Bathrooms: 3
BER rating: D1
Best feature: Long established gardens

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What about Winsley? With a fresh broom this Bishopstown property could be a winner.

Starter homes: Bishopstown, Cork €300,000

Size: 120 sq m (1,300 sq ft)
Bedrooms: 4 Bathrooms: 2
BER rating: N/A
Best feature: Close to city

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Make detached No 2 your No 1 on Clonakilty's western fringes

Starter homes: Clonakilty, West Cork €239,000

Size: 130 sq m (1,400 sq ft)
Bedrooms: 3 Bathrooms: 2
BER rating: D2

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Starter homes: Bishopstown Cork €240,000

Size: 130 sq m (1,400 sq ft)
Bedrooms: 3 Bathrooms: 3
BER rating: F

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Starter homes: Killarney, Kerry €170,000

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

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Starter homes: Gould Street €110,000

Sq m: 88 (940 sq ft)
Bedrooms: 4/5 Bathrooms: 2
BER rating: F

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