Cork landmark on sale for €6.25M

The building that hosts Waterstones bookseller in Cork city centre is for sale for €6.25m, writes Property Editor, Tommy Barker. 

The investment property is close to the €45m, new Capitol development, at the western end of St Patrick’s St, by the Grand Parade in the city centre. It has just over five years left to run on a 35-year lease, dating from March 1988.

Number 68-69 St Patrick’s St has gone to the open market at a time of reported bounce-back in print and books sales, and as Waterstones, earlier this year, reported a doubling in their Irish profits, as well as recovery across the board in the UK, after a 2011 rescue plan under chief executive, James Daunt.