Thirty-nine apartments in one sale

VIRTUALLY the entire Mariners Hall apartment complex in Cork city’s Skehard Road/Mahon area is for sale as a single unit.

Thirty-nine of the 42 units built in the early 2000s are for sale as an investment, guiding at €3m, and currently producing €328,000 a year in rent. Income with full occupancy would rise a shade further, to €335,000 pa.

The gated development of 42 one and two-bed apartments was built by Coleman Brothers at the junction of Skehard Road and Ringmahon Road, opposite St Michael’s Cemetery and near to the Mahon Point Shopping Centre, CSO offices and City Gate. It’s also close to Blackrock Castle and the estuary walk.