COMMERCIAL PROPERTY

Togher.

Planning notes

Cork City Council is awaiting further information from developers of the proposed reworking for residential use of a former bakery site in Togher.

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Concrete ‘block buying’ in Cork

Two waterfront apartment blocks in Cork’s suburban Rochestown, totalling 50 units, are up for sale in one lot, with a guide price of €6.75 million, or an average of €135,000 each. They come to market at time of proven and competitive demand for multi-let investments.

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Cork City to open its doors so all can view city's architectural highlights and gems

Following in the footsteps of Dublin and Limerick, and dozens of other cities around the world, Cork is to host an ‘Open House’ weekend of its architectural highlights and gems.

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Case of delayed cheer at Carraig na bhFéar pub in Cork

It could be a case of delayed gratification for whoever buys the residential licensed premises Carrig House and who wants to get stuck in behind the beer taps — the place is leased for another year.

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Job growth in construction is ‘building’

The tide is turning quickly — the country again needs building professionals to meet the demands of the uplift in construction.

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A beginning of the end?

A house building site of 1.8 acres, with full planning for 15 new homes and with 12 of them started, is for sale on behalf of a receiver, guiding at €875,000

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Safe bet on building for let on Cork’s South Mall

A building on Cork’s South Mall up for let could be a good bet — previous uses have include a stockbrokers on the ground floor and a casino on its upper levels.

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Redevelopment of Fox and Hounds site gets go-ahead

A redevelopment of the Fox and Hounds site, in the northside Cork City suburb of Ballyvolane, has been approved by Cork County Council.

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Rise to the challenge in Kilkenny

Following a very recent ‘sale agreed’ on the 19th century seven-bed Tralee area guesthouse Glenduff House, on 6.7 acres for c €500,00 via agents DNG Stack, comes another guest and bar business — with an even longer pedigree.

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Midleton hotel is reaching ‘four’ a star as investment continues

A €1m investment has boosted business at the Midleton Park Hotel in east Co Cork.

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Adventures in green building

The University of East Anglia (UEA) in Norwich, England, is home to one of Europe’s largest concentrations of researchers in the fields of environment, health and plant science.

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Draghi "turning the euro into the lira"

A hotel that found itself ‘underwater’, and which had to be bailed out by foreign money, was an apt spot for economist, David McWilliams, to expound on matters financial.

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Cork's 19th century Ursuline Convent set for redevelopment

CORK’S 19th century Ursuline Convent is going to be a trophy buy — for whoever gets to buy and finish it out — with a ready market afterward for both sales and rentals.

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A true cottage industry

Cork’s longest-running food emporium, Cinnamon Cottage, has come up for sale in its 21st year of cooking and trading.

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Offices for €950,000 in Fermoy not run-of-mill

An office scheme of two inter-linked blocks, totalling 33,000 sq ft on 3.5 acres, has come for sale in the North Cork town of Fermoy.

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Multinational EMC’s major Cork plant to be extended

Planning approval has been granted for an extension to data-storage multinational EMC’s major plant in Ovens, Co Cork.

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Former Esso station near CUH hospital on sale for €1.3m

A CORK city suburban site — with a long planning and sales history, as well as one-time high hopes of development — has come up for sale, right next door to the sprawling Cork University Hospital (CUH) campus.

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Biggest pub sale bar none in Ballincollig

WHAT’S probably the biggest bar complex outside of Cork City centre has come up for sale in boom-town Ballincollig, with a price tag to match.

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Major development at ESB headquarters appealed

Appeals have been lodged in relation to planning approval for a major mixed development at the ESB headquarters near Dublin City centre.

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Option for anchor to rein in Innisfallen

THERE’S a chance to add a further €100,000 a year in rent to the existing rent-roll or to further develop/redevelop for a possible main anchor tenant, at Killarney’ s Innisfallen Mall.

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Two of a kind in Kinsale

TWO big Kinsale offers come to market independently this week for receivers — one being 95 acres of spectacularly-sited land at Pregane, next to where a €200m golf resort development was proposed a decade ago.

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Motor dealer’s drive is on after finding perfect location

PEOPLE looking for a new car quickly get used to calling to lots of garage forecourts.

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A new-bourne identity for Cork’s Woodford bar?

IS THERE a market yet for a pub sale in Cork city, significantly over the €1m mark? A bar in an historic building, long associated with wine and spirits company Woodford Bourne, aims to find out, as the Woodford Bar comes to market seeking a new Bourne identity.

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View former TV shop ‘on’ Cork City’s pretty Parliament Bridge

The former Maddens TV shop, at no 5, Parliament St, is to let in Cork City

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Hospice’s change of use to college is not planning exempt

The change of use of the former Marymount Hospice building at St Patrick’s Hospital on Cork’s northside, to a third-level college, is not exempt from planning requirements, An Bord Pleanála has decided.

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Too few houses being built, says CIF in Cork, so a shortage is inevitable

Cork city and county are crying out for new houses and major infrastructural projects, so as to head off shortages in future, say senior figures in the region’s construction industry.

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Ownership of property in Ireland still ‘going overseas’

Ownership of Irish property will continue to go overseas in 2015, according to estate agents, DTZ, who this week hosted regional briefings in Cork and Limerick.

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Cold-storage warehouse to heat up the Cork market

A business and property briefing this week, by DTZ Sherry FitzGerald, Cork, billed the industrial sector as “the weakest link, with speculative development unlikely for the next few years.”

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Kinsale’s Carlton House: Developed at a cost of €35m, for sale at €4.25m

Kinsale’s Carlton House hotel, developed by Gable Holdings in 2006 on a wooded 90 acre site overlooking Cork's scenic Oysterhaven Bay at a then-reported cost of €35m, is now for sale with Savills, for receivers, guiding €4.25 million.

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Cork’s Quay leads to the kingdom

heritage building on Cork city’s elegant North Mall which sold at auction to a co-operative housing group in 2008 for €1.36 million is back on the market, now guiding €425,000, after some further building conservation and conservation roofing work.

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Six-floor Bon Secours hospital plan approved

The major extension proposed for the Bon Secours Hospital, in Cork City, has been approved by An Bord Pleanála.

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20 acres of zoned land in Glanmire for €1m

While white smoke is still awaited on just who has been the victorious bidder on a valuable Cork city six-acre suburban housing site at Cleve Hill, Blackrock Road, agents DTZ bring a larger, but lower profile, housing site to market.

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Lovetts’ restaurant serves appetite for top temples in Cork

The sale has closed on the former Lovetts’ restaurant in Cork’s suburbs, for 20% over its guide. 

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Wide interest in holiday scheme in need of completion

Two dozen holiday homes on the Ring of Kerry’s famed Waterville are up for sale with Lisneys, acting for a receiver, in one lot, guided at just €21,000 each.

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SCSI president tells members of building bounce-back

The country needs more office space, more urban housing, increased construction activity and employment — and greater investment and activity at a regional level, Patricia Daly, president of the 5,000-member strong Society of Chartered Surveyors Ireland (SCSI) told last week’s annual dinner, attended by 1,250 guests.

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Art going in architecture on Patrick’s Hill

CORK CITY will have a new landmark design building later this year, in one of it most prominent settings - half way up the vertiginous St Patrick’s Hill. A school redevelopment there has been designed by the winners of the 2015 Royal Gold Medal for Architecture, Sheila O’Donnell and John Tuomey.

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Plenty of scope and potential uses for solid retail unit

A large retail unit in the heart of Cork city’s North Main Street, with a distinctive cut limestone front facade has come up to let.

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PLANNING NOTES: Decision due on change from retail to office use on Cork’s Lavitt’s Quay

Cork City Council is to decide by the end of this week whether or not to permit office use at a quayside, outdoors shop to allow an educational authority to expand its offices.

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Pivotal point property at the Kinsale Road roundabout

BACK at the commercial market’s height, land in key Cork suburbs was fetching €2.5m/3m an acre.

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County taverns on offer following city centre pub sale

Following on the sale of a city centre bar in Cork, close to the proposed new convention centre at South Gate Bridge, estate agent Con Nagle of Global Properties has a bar in Cork county offered next on his books, with a second similar due to follow in the coming weeks.

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Rents of €8.8m lure in Midlands shops disposal

SIX shopping centres, including the largest in the Midlands, have been put up for sale in one lot, guiding at €115 million. The mix, in one lot only and called the Cornerstone Portfolio, has almost 170 shop units plus 150 apartments, and 670,00 sq ft of retail in all.

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Bridging the gap in Mahon’s office demand

Cork’s Mahon/Skehard suburb will soon have a new, €50m office development, in six blocks, — but, meanwhile, a smaller, 3,000 sq ft space is to let at Bridge House, Skehard Road, via estate agent Rob Coughlan, of Cohalan Downing.

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Healthy prognosis back at BlackrockHall

It’s business as usual at the BlackrockHall Primary Care Centre on Cork’s Skehard Rd; its owners have taken over management following the liquidation of the Allied Medical business.

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Lots to go for at property auctions

AUCTIONS step back into the sales fray in early 2015, with Allsops set to auction more than 220 lots later this month, while Iam-Sold is now stepping up to at least 14 auction events this coming year, moving now to Dublin after establishing in Galway and Cork/Munster in 2013/14.

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Cork’s River Lee Hotel shows off €500,000 patio upgrade

EVEN years after it was built, Cork’s River Lee Hotel has spent €500,000 on a patio upgrade, adding an indoor-outdoor room which enhances its Leeside setting.

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Wide interest in Waterville holiday scheme in need of completion

Two dozen holiday homes on the Ring of Kerry’s famed Waterville are up for sale with Lisneys, acting for a receiver, in one lot, guided at just €21,000 each.

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New stores get footholds in Limerick’s Crescent centre

A pre-Christmas let to Butler’s Chocolates was the icing on a good year for Limerick’s Crescent Shopping Centre: it has entered 2015 with six new key brands in place

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Former Charleville school attended by Eamon de Valera for sale

A north Cork former CBS school which was attended by Eamon deValera has had its listing as a protected structure reversed, to allow it be redeveloped.

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Data bank will monitor Cork property market for first time

AS IRELAND’S property investment market returned to new highs with 40% overall Y-O-Y returns for the final quarter of 2014, Cork city’s property investment market has also been tracked and benchmarked internationally for the first time ever.

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Heat expansion from new restaurant by Midleton’s Iceland

Hot spicy food - by way of a fourth Ramen Asian street food restaurant - is set to ok up next to an Iceland store, in East Cork’s Midleton Distillery Lane’s €30m development.

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Construction workers told of impending €3bn State spend

 Irish Water “ready to get shovels in ground” in projects worth €1.3bn, builders hear

 

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Transport company refused permission to convert former Hormann site

Latest planning notes and updates January 2015

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Retail property market recovers in cities

A MAJOR UK-based retail expo comes to Dublin next month for the first time, as the Irish retail market shows signs of recovery from the economic slump.

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