COMMERCIAL PROPERTY

Allsops could trade €60m

A Limerick asset management opportunity guiding €2.1/2.3 million, as well as 11 Waterford apartments for €560/600,000, are among the stronger Munster commercial offers in next month’s combined Allsop auction.

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Derrynane Hotel has sale agreed

An end-of-summer ‘Sale Agreed’ has been posted up on the Ring of Kerry’s jewel-set Derrynane Hotel, which went to the open market in May.

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House site gets €3m

A CO KILDARE-based building firm is the buyer of a new homes site on Cork city’s Cleve Hill, Blackrock Road, paying c €3 million for six acres, with planning for 18 large homes.

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€1.25m for Tralee building

Tralee’s Rose Festival has just wound up for its 32 contestants — and also this week a mixed use development in the town comes for sale with practically an apartment or commercial unit in it for each of the Roses.

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Waterford’s Marina Hotel is up for sale

Waterford city’s Marina Hotel has been put for sale, guiding €3.2m with agents Christie + Co. The same agents offered the 54-bed Shannon Court Hotel at €1.1m in May of this year, also for Frontline Asset Management Ltd.

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Lidl follows Aldi to Wilton

AS the Nama sale of Wilton Shopping Centre inches forward, discount retailer Lidl is about to seek planning permission to join Aldi in the same Cork City western suburb.

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Signs of city core recovery

TWO key moves this week may put Cork city on the investor and retail radar, as the city centre inches back from the slack years of recession.

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Paired grocery shop and cafe in Durrus will sell on double

The Wild Atlantic Way is good for business along Ireland’s indented coastline, say the couple about to sell up a well-performing local shop and cafe/restaurant, which they’ve developed through the recession.

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Drive-thru plan for Tivoli

Ever in advance of Port of Cork’s move from sites in Tivoli and Cork city’s docks, the first handful of changes are starting to take place on Cork city’s eastern fringes, either side of the landmark Silversprings hotel - an entity which changed hands itself last December as part of the €455 million Dalata Hotel Group takeover of the Moran-Bewley hotels chain.

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Six acre site for luxury homes sold

An unidentified, out-of-Cork purchaser has emerged as the €2million-plus buyer of a six-acre residential building site with planning for 18 luxury homes, on the city end of Cork’s Blackrock Road.

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Last call to buy BK2 bar

A bar in the growing Cork satellite town of Glanmire has a sale date for full and final offers tomorrow, at a price in excess of €600,000. It sold in 2002 for as much as €3m.

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Savoy owners buy Quills

A REVAMP of the long-established Savoy Shopping Centre may be on the cards, following the circa €2m purchase of the former Quills clothes shop, at nos 106/107 Patrick Street, by the Savoy’s owners, the Clarendon Group.

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Savoy owners buy Quills

A REVAMP of the long-established Savoy Shopping Centre may be on the cards, following the circa €2m purchase of the former Quills clothes shop, at nos 106/107 Patrick Street, by the Savoy’s owners, the Clarendon Group.

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€1m ‘Pana’ property swoop

The investment arm of the Davy Group has made a further retail swoop on Cork city’s Patrick Street, having bought the Moderne last year for circa €4-5 million in an off-market deal.

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Counter bid successful

The historic Woodford bar in Cork city centre, with a licensed and drinks trade link stretching back to 1750, has been bought out of receivership for c €1.25 million.

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PJ O’Hea’s gear up for garage sale

THE city centre garage site of the former motor dealership, PJ O’Hea’s, which was in business for 87 years, has been put up for sale a decade after its short-lived relocation to East Gate.

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Castlemartyr Resort Hotel sales bed down

AFTER a market revival in 2012 and 2013, 60 Irish hotels sold in 2014 for a total of €440m, double that of the prior year.

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Carrigaline bar owners living American dream in Cork

Back from the US, and back into the bar-and-restaurant business on their home turf — it’s the Irish version of the American dream for John and Lisa Cronin.

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PLANNING NOTES: Old Youghal textile factory will not be redeveloped

Permission for the redevelopment of a former textile factory in Youghal has been overturned by An Bord Pleanala.

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Roscrea’s Racket Hall can be of service

A Co Tipperary hotel which has been in receivership for as much as eight years, is finally to be sold.

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Hot auction action in Dublin and Cork

A HEATWAVE was promised for this week - but, as much heat will be generated by a flurry of auction action. 

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High-octane Cork apartment site

A PEARL of a riverside Cork site, between the gates of UCC and the city centre, is for sale for €2.5m.

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Offices all the biz in the Cork scene

IN the first five months of 2015, office activity in Cork has been dominated by the FDI sector, with five substantial transactions completed.

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PLANNING NOTES: Togher Road SuperValu goes for super-size

A busy southside supermarket in Cork City is proposed for expansion into a neighbourhood centre.

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New wave centre opens

Exactly two years after a sod-turning ceremony on the site, An Taoiseach Enda Kenny will officially open the new Beaufort Building in Ringaskiddy on July 11.

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Hit the lofty heights

Knocklofty House may trigger a memory from the 1970’s.

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Property will appeal to those in equine sector

Warrenstown is possibly best remembered in the agricultural community for the very fine horticultural and agricultural college based there until the 2000s. 

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Well-kept convent a ‘godsend’ for €225,000

The sale of convents around the country chronicles the rapidly changing status of the Catholic Church, one of Ireland’s largest and most enduring institutions.

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Set your Compass for Cork

THE remaining zoned land of McInerney Homes, Ireland’s largest house builder during the boom, is now on the market through DTZ Sherry FitzGerald, on behalf of Kieran Wallace and Padraic Monaghan, of KPMG, the receivers.

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Built for €37m and sold for €9m, Radisson Blue is typical of hotels developed at end of boom

The year 2005 was Ireland’s ‘if you build it, they will come’ period. Much was built, but the conventional wisdom that property couldn’t lose money, was hitting the skids.

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