A WELL-SET St Patrick Street Cork city retail investment directly opposite the completed and fully occupied Capitol mixed use development, which is let to Boots Chemists and earning a current annual income of €540,000 is for sale, guiding €5.75 million.
WITH plans afoot for the €70m-plus investment property sale of the ‘old’ Roches Stores/Debenhams Cork’s store by the publicity-shy Roche family, the arrival of a neighbouring niche investment with a more modest €1.5m price tag has impeccable timing, and opportunity.
Global 21st-century tech giant Facebook, along with Chinese firm Huawei and US cyber security company Alien Vault, are to keep company with a repolished Cork pearl, the 18th century-founded Oyster Tavern, as the line-up for the city centre’s €50m Capitol shops, office and bar development is confirmed.
Bank of Ireland chief Richie Boucher says the bank’s policy of promoting fixed-rate mortgages ahead of cutting variable rate home loans will not change for the moment, regardless of competitors’ decisions and political pressure.
THE house market might have been on the floor in 2010 — but, if it was, the commercial end of the business was in the basement by comparison and, unlike the stamp duty break given to the residential market in Budget 2011, it still has a high tax rate on transactions.