‘Victorian Quarter’ the lure for investors in Cork

Anybody looking for a central Cork building of historical character will certainly be alert to the news that the buildings occupying 6-8A McCurtain St are for sale.

A building dating back to around 1910, it comes with its fair share of old world distinction, charm, and a particular character.

Extending to around 4,980 sq ft, the building sports a superb façade and offers an opportunity in a portion of Cork’s city centre that is due to undergo spectacular change.

The properties are along the street from the proposed Metropole Hotel’s €50m investment, where, if plans succeed, should provide more than 400 extra beds to the city. City Hall’s plans to convert the one-way street to a two-way system while upgrading the now re-branded, Victorian Quarter in Cork’s city centre, will also not be lost on investors.

It is an area of the city known for high footfall and renowned for well-known eateries such as Green’s, Isaac’s, Son of a Bun, and Cask, amongst others.

Other neighbours include The Everyman Palace, the Metropole Hotel itself, and Starwood Hotels & Resorts central reservations office.

The building includes a ground floor retail unit (6 & 7) accessed from street level, currently occupied by O Português.

This is on a three-year lease, expiring in August 2017 with a passing rent of €12,000 per annum excluding Vat. It should be noted that the sale does not include the ground floor building housing Paddy Torino’s.

There are two substantial vacant upper floors, previously home to the Telecom Eireann Social Club. A central archway provides rear access and an escape route if required. The upper floors also have independent access directly on to MacCurtain St. These floors are in need of some modernisation.

Cohalan Downing is guiding €400,000.

Details: 021 427 7717 or rcoughlan@cdacork.com 

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