A Swiss-based investor has commenced building a portfolio of Cork city centre properties, having spent close to €5 million to date, acquiring a number of well-established buildings on Oliver Plunkett Street and St Patrick’s Street, with over 12 tenants combined, and getting an average 8% rent return on his purchases.
A number of new office occupiers and sale deals are coming to an end-of-year close in the heart of Cork city, at Lapps Quay, at City Quarter, and at the Elysian, where a new walk-in medical clinic is set to open next month and where a new restaurant letting is agreed. Plus there’s 12,000 sq ft of offices at the Elysian under active negotiation via Lisney.
The 5,000 sq ft, mint-order, Orchard House in the grounds of Cork’s Maryborough House Hotel has barely been lived in since it was last sold-and-bought, in 2010. The price is €1.55m for the five/six-bed three-storey home done to a high build and finish standard, and to a Victorian-style template, says Tommy Barker