Investment property activity is continuing through to year’s end in and around Cork city centre streets by the Penneys site, which is expected to go forward for planning permission next month for a major redevelopment, after a two-year site assembly

INVESTORS seeking a return close to 13% on their €1m investment should beat a path to Cork’s Marlboro Street and to nos 40/41, home to travel company Trailfinders, which is occupying on a 25-year lease from 2006.

An investment property just off Cork City’s St Patrick’s Street which was owned by investor/developer Joe O’Donovan has a current rent of €135,000, on upward only reviews, and is now for sale, guiding €1.2 million, an 11% yield.