COMMERCIAL PROPERTY

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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Coast is clear to buy Clare hotel or Burren lodge

Two Co Clare tourism ventures come to market this week, one a 22-bed hotel in Liscannor, the other a walking lodge in Ballyvaughan, the Burren — due for auction.

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€123m capital package

As the sell-off of a portfolio of three Irish shopping centres in Cork, Clonmel and Balbriggan moves to a second round, with three bidders reportedly all over €135 million, a second very sizeable portfolio of Dublin shops and offices comes for sale this week, guiding €123m.

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Talbot Group on a roll

The recent buyers of Oriel House Hotel and the Midleton Park Hotel, the Talbot Group, are on a roll — they’ve just bought a leisure complex in Carlow.

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English Market stall is a tasty buy

The Queen of England was among the more familiar faces to pass by Stall 42, in Cork’s English Market, in 2011 — but famously she got waylaid in conversation with fishmonger Pat O’Connell.

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Baltimore at your convenience

WEST Cork tourist harbour village, Baltimore, last weekend hosted the Pirate Festival to commemorate the sacking of Baltimore in 1631 — and now there’s a chance to ‘plunder’ a lot of retail trade in the bustling summer resort.

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Beside the seaside ...

WITH a sale just agreed on a Kinsale apartment investment that had a €465,000 price and which attracted 30 inquiries and ten bidders, agents Savills can expect a similar level of interest in a prime quayside site in the same seaside tourist town.

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Board approves college use of former convent

Cork City Council has approved the use of a former hospital as a third-level college.

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Extension plan for shopping centre units

Plans have been lodged for an extension to two units at the Douglas Court Shopping Centre in Cork, above.

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The modern Marine Hotel complex in Glandore (centre of pic) is new to market.

It’s a complex business

Carrying the same sort of guide price as Tony O’Reilly’s nearby summer home — Shorecliff, on six acres — the modern Marine Hotel complex in Glandore is just new to market, compete with 17 holiday units.

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Flannery's in Glasheen, Cork

Cheers to trophy bars

TWO top Munster bars, one in Cork City’s suburbs, the other in East Cork, have come up for sale for a receiver, with best bids sought by the end of July.

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An aerial view of The Brambles at Castletreasure, Scart Cross, outer Douglas which has an extension of planning for 28 units.

Prime part-completed €2m development to test market

Builders are back in business in cities like Dublin and Cork in the bid to get sites for a house-hungry market — and now an outer suburban site comes to market in Cork to test appetites for something just a bit further out.

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Bar with Star appeal should have a sweet sale

The Star Bar is known as a sports and live music bar, with a price guide of €275,000.

It’s called the Star Bar — but, given employers in the vicinity, it could as equally be called the Cadbury Bar.

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Stephen O'Sullivan, MD, Green Shield Labs, Washington Street West, Cork, looking through some of the stamps memorabilia. Picture: Denis Minihane

Green Shield Labs put stamp on start-ups

All licked into shape is a niche, serviced office scheme called Green Shield Labs — trading on the Cork City building’s past as the place when shoppers and consumers swapped their books of loyalty reward Green Shield stamps for a range of gifts.

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Anaerial view of Glandore where summer bar trade is busy. Picture: Denis Scannell

Glandore Inn has €600k guide

One of the best sited bars in Ireland for views, especially from its roadside seating, is up for sale — it’s the Glandore Inn.

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Mannin Island is close to actor Jeremy Irons' Kilcoe Castle near Ballydehob, Co Cork. The guide price is €200,000.

Island ‘untouched gem’

EVEN if the neighbour at Kilcoe doesn’t come out of his castle keep to buy Mannin Island, estate agent Eoin Ryan of DTZ Sherry FitzGerald has other irons in the fire when it come to this Roaring Water Bay property offer.

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The Metropole Hotel in Cork has a guide price of €4m.

Nama hotel sales to increase

NAMA is expected to pick up the pace of Irish hotel sales in the coming 18 months — so far, it has sold just 19 of the 136 in its control, and so has 117 left to sell, a conference organised by the Irish Hotel Federation heard this week.

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Industrial park close to full

Recent commercial lettings at the Kinsale Road Business Park, near Cork City, bring the park close to full occupancy, according to letting agents Lisney.

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New lease of life for Academy Street

A recovery in trade in one of Cork’s city centre’s under-performing streets — Academy Street — is heralded with the opening this weekend of a new restaurant, CoqBull, which replaces hospitality supremo Jay Bourke’s long-established Cafe Bar Deli.

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Sale agreed on site of former Crow’s Nest bar in Cork suburbs

Just gone ‘sale agreed’ with DTZ Sherry FitzGerald is the site of the former Crow’s Nest bar in Cork’s western suburbs, at Victoria Cross, near UCC, County Hall, and the Kingsley Hotel.

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€2m-plus guide on modern Galway suburban hotel

A modern Galway suburban hotel has come for sale with a €2m-plus price tag, well under its development cost.

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Supermac’s boss snaps up hotel

A STRONG Irish buyer, Pat McDonagh of the Supermac’s restaurant chain, has emerged as the buyer of Cork’s purpose-built Charleville Park Hotel after very competitive bidding via agent Denis O’Donoghue of Savills.

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West Cork Technology Park sale

Details have yet to emerge as to the buyer of Clonakilty’s Waterfront site, gone sale agreed to an undisclosed buyer, in trust, after a best bids and tender process via Lisney, and likely to have been bid considerably over its initial €1.2m guide.

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Seminar focuses on hotel sector

Recovery in the Irish hotel and hospitality sector is to be analysed, parsed and predicted by Nine Wise Men, overseen by a male Fulbright scholar — with not a single woman speaker on the bill — at an Irish Hotels Federation seminar next week.

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