COMMERCIAL PROPERTY

An image of the new 300,000sq ft City Gate Plaza office scheme.

JCD’s €50m office buy

GOOD story for Cork, good story for the country, and more cranes on the skyline to come.

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Tax break time limit on sale

Time may be running out for the Government’s commercial property tax breaks extended in the last budget, so demand for quality commercial property has been sustained, says Ed Hanafin of Lisney.

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Former Cork soccer stadium to be knocked?

A former League of Ireland football ground is in line to become an office and commercial development, if a recent application to Cork County Council succeeds.

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Elbows out in town

SOMETHING is brewing in Cork City centre — the impending opening of a new venture that will boast the city’s smallest craft beer brewery.

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Green Reit buy Sun Alliance building for €23 million

The news that Green REIT Plc has acquired the former Sun Alliance building — at nos 13-17 Dawson Street, in Dublin 2, for €23m — bodes well for the city’s crane count.

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Architecture Factory award

It’s been a good week for architecture faculties — following the first increase in CAO points in five years.

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Apple get go-ahead for Hollyhill site changes

Cork City Council has given the go-ahead for further developments at Apple’s facility on the city’s north side, at Hollyhill.

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Modern take on living over the shop in Cork’s Sunday’s Well

The former Village Inn has a retail premises, apartment and roof garden.

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Roberts Georgian classic in Waterford for €340,000

Strong early interest is being shown in the investment sale of an impressive Waterford City Georgian property, designed by the local, famed 18th century architect, ‘Honest John Roberts.’

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A good fit for investor

Recently vacated by clothes retailer Quills, nos 106/107 Patrick Street, Cork City, are selling for €1.95m.

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Decision imminent on Stapleton House plan

Cork City Council should decide within weeks on a plan to allow a permitted retail scheme be changed to mainly office use.

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Most southerly pub floated on the market

A ferry business move from one far-flung island corner of Ireland to the other brings the country’s most southerly pub and restaurant up for sale, on a hugely-popular tourist island, with a €250,000 asking price.

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Kinsale cost is roundabout €3.5m

The Kinsale Road Business Park which is largely let, has a current rental income of €420,000, representing a c 11.5% net initial yield to investors.

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Major port site sale

CORK harbour and port amenity with a deep water jetty at Marino Point is to be sold after a ‘Best Bids’ process in October, with a price expectation of up to €7m indicated.

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Asian food outlet thriving at pivotal city location

It’s fast food in more ways than one — Cork Asian street food company Ramen has opened its second Cork outlet at Dennehy’s Cross, doing a key restaurant unit deal with UK-based Comer brothers.

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Tuck into 250-seat capital restaurant

Following straight after the sale of Dublin’s The Marker Residences, with 84 apartments and six commercial units for over €50m for Brehon Capital Partners/Midwest Holdings, agents Savills bring an adjacent Grand Canal Square 250-seat restaurant for sale, guiding €3.5 million.

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170-bed Dublin city hotel plan rejected

An Bord Pleanála has rejected an application to build a new 170-bedroom hotel in Dublin city centre.

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Choice Hotels is planning a six-figure investment in the Blarney Golf Resort.

Blarney gets Choice

IRISH hotel operating group Choice Hotels have taken over management of the Blarney Golf Resort, which was snapped up this year by Northern Ireland-based investor Tommy O’Gorman for c€2.5m, after seeing a c€40 investment in its initial resort and hotel development.

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The nine quality apartments in one block on Killarney's Countess Road, are being sold with a guide in excess of €600,000 already exceeded.

Quality Kerry spread

AS nine city apartments in one lot go ‘sale agreed’ for over €1m, via Downing Commercial in Cork’s Mahon, a Killarney offer — also of nine quality units — comes to tempt a wide range of investors.

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The profit-turning Castleknock Golf Course is expected to see turnover hit €2m in 2014, says Marcus Magnier of Colliers.

Castleknock offered at €2.5m

Dublin’s profit-making Castleknock Golf Course, on 125 acres by the capital, is being sold with a €2.5m price tag.

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Golf clubs urged get on course with family market

Municipal golf courses can cash in on the growing appeal of the sport among young people and families, according to management at one of Dublin’s most scenic venues.

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The former GB Services Group property at Cork's Doughcloyne Industrial Estate in Cork, was sold at private auction.

Detached building on an acre sells for €770,000

THE former GB Services Group property at Cork’s Doughcloyne Industrial Estate, has been sold for almost 50% over its guide, at a private auction.

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Nineteen retail and office units — for an average of €26,000 each — are for sale in a former Supervalu centre in Bandon (upper right of the picture). Picture: Denis Scannell

Property mix on acre

A former SuperValu shop, along with other shop units giving a total of 19 retail and office units, is now for sale — for an average of just €26,000 per unit.

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Auction of 20 lots a success

A 95% auction success rate was recorded at last week’s IAM Sold/Munster Property Auction sell-off of 20 lots, with all but one finding new owners, evidence of the strength of cash buying and investor interest.

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Site priced at €350,000 has planning for nine houses

A site with planning permission for nine detached houses, with existing houses developed by Fleming Construction, is being sold for €350,000, or under €40k a stand.

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Mixed site with planning

A site with full planning in place for an infill suburban scheme of two shops and three houses is for sale in Cork’s Ballintemple — where the Marquee series of music events finally wrap up this week.

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Planning Notes: Pharma plant seeks expansion approval

A major extension of facilities at a pharmaceutical plant near Cork harbour is the subject of a recent planning application.

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Bord Gáis Theatre takes centre stage

THE show must go on — and the venue must go.

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Good opportunity on town’s ‘golden mile’

A main street 8,000 sq ft property "in the heart of Munster, Charleville", is for sale for new uses, having previously served as a community centre, and before that, a school.

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Kent family are selling 390 acres for €8m

A Tipperary family, whose 1919-founded electrical business now employs 14,500 people in 30 countries, and which sold last month for $2bn, is selling a 390-acre Clonmel estate, seeking €8 million via Sherry FitzGerald’s country home division.

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Sailing centre on track to berth willing buyers

FIRST the train left the station, then the station left the town — so what’s now coming down the tracks for this Baltimore, West Cork, coastal property?

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Take your pick from two lots of apartments

APARTMENTS built by Howard Holdings are being offered for sale for receivers KPMG, in two lots, in Cork City centre, and in outer suburban Rochestown.

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Extension at Bon Secours granted

The proposed extension of facilities at the Bon Secours Hospital in Cork city has been approved.

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Rocketman lands in space

The Rocketman has come back to earth — but will continue to do the satellite orbits of farmers markets, along Cork’s Ring Road.

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It stacks up: Brewery works hinge on flood relief plan

The historic old brewery site in the middle of Clonakilty could be redeveloped into an artisan food and drink centre — but only if flood relief works are carried out to protect it.

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They’re lovin’ it

There was strong interest in this Winthrop Street property, leased by McDonald’s, which was bought by over €4 million by a private investor.

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€1.7bn invested in real estate in Ireland this year

A total of €1.7bn in capital has been invested in Irish real estate this year, including direct investment of €800m.

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Giant British pub chain plans Cork city move

British pub chain JD Wetherspoon has outlined its plan to open a bar in one of Cork city centre’s busiest areas.

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