COMMERCIAL PROPERTY

Open offices upgraded

TWENTY Years a Growing, or Fiche Bliain ag Fás, is a classic memoir of 20th century Irish literature — but, in the case of a Cork city office building, it’s more like a case of Five Years, and no Fás.

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Hotel sales bed down

HOTELS in Cork, Kerry, Clare and Tipperary all feature in the latest burst of investor and end-user activity in the hospitality sector market.

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Building on 10-year lease to Logitech at Cork Airport Business Park up for sale

A single building let to Logitech at Cork Airport Business Park is for sale for €2.4 million, a year after the separate sale of five investment buildings there to Norwegian trust Adel Crest, for €15.1 million.

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Sales of hotels continue

New owners of Cork city’s Metropole Hotel are the Philips Hotel Group, who acquired the Cork International Airport Hotel, for c €5m, back in 2012.

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New landing at airport

Office activity in Cork’s suburbs, especially from FDI companies, has picked up sharply in recent months, according to agent Paul Hannon of Lisney.

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A Bandon banker

Going against the flow of bank-branch closures, the former West Cork branch of Permanent TSB, in Bandon, is for sale or to let, only because the bank has relocated to a larger premises.

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Former Presentation Convent in Listowel back on market

There’s been interest and a few site visits in advance of the sale by tender of the former Presentation Convent, in Listowel, Co Kerry.

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Beat a path to Trailfinders

INVESTORS seeking a return close to 13% on their €1m investment should beat a path to Cork’s Marlboro Street and to nos 40/41, home to travel company Trailfinders, which is occupying on a 25-year lease from 2006.

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Here comes the bridal centre

Bigger than a wedding marquee - that’s the proposed new national Bridal Centre.

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Munster auction has 20 properties

There are 20 lots due under the auction hammer Thursday next, May 7, in the latest IAMSOLD/Munster Property Auction.

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Former Blacktie shop will suit investor on main Cork city street

WITH a pick-up in fortunes at the northern end of Cork City’s retail thoroughfare, Patrick Street, a new sales push and a new agent are behind the vacant corner property at No 125 Patrick Street/Lavitts Quay, by St Patrick’s Bridge.

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Bank sales on the money

A LIMERICK City bank building, on O’Connell Street and Bedford Row, is being sold for as much as €10m — a recent Munster-bank investment sale price record.

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Killarney’s ‘halo’ effect

A SUPER-STRONG land sale result in the heart of Killarney by the National Park at Port Road, via private auction, “is very good news for Killarney,” says local agent Tom Spillane, as 6.45 acres of residential development land sold for €2.45 million, for a receiver.

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Mall gets its mojo back

HIGH vacancy levels on Cork City’s South Mall may finally be reversed, with an overall rise in the economy, and in the demand for professional services and indigenous offices.

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Kinsale convent scheme reduced to 96 residences

Plans submitted before Christmas have been approved by Cork County Council for a reduced-scale development at a former Kinsale convent.

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An industrial revolution

OWNER-occupiers are to the fore in inquires about warehouse units priced from €100,0000 to €600,000, according to specialists, Lisney, saying the range of offers at Little Island Cork shows a pick-up in activity.

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Ballincollig is a banker

STRONG, five-yearly rental increases, with the next hike due in summer, 2016, underpin the attractiveness of a bank building investment, in Cork’s redeveloped Ballincollig Town Centre.

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Superb residential rental investment opportunity

An investment opportunity with six modern residential properties built 10 years ago is on offer off Spring Lane, in Cork city’s Blackpool employment hub.

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Economist says government spend must be on capital projects and not on public sector pay

If Government is ramping up spending in the run up to a 2016 election, it should be directed at capital projects, rather than public sector pay.

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Prime Waterford property deals

TWO prime Waterford City investments worth €13.5m — one next to where Wetherspoons have acquired a 4,000 sq ft city footprint for a new bar — are new to market for a local family of investor/owners.

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These are the new shops and restaurants coming to Cork city centre

RETAIL activity has strengthened in the past 18 months, and notably now in Cork city centre. Increasing employment is restoring consumer sentiment and driving retail sales, as evidenced by the notable pick-up in occupier demand.

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All sorts at Allsop auction lots

ELEVEN student apartments developed in a 48-unit scheme on the site of Cork City’s old, famed Arcadia Ballroom, by Kent Railway Station, and with a rental income of €125,0000 per annum, are to go under the auction hammer with Allsop later this month: the former Section 50 units (the tax reliefs have now expired) are priced at €825,000, or less than seven years’ income.

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