A house building site of 1.8 acres, with full planning for 15 new homes and with 12 of them started, is for sale on behalf of a receiver, guiding at €875,000

A CORK city suburban site — with a long planning and sales history, as well as one-time high hopes of development — has come up for sale, right next door to the sprawling Cork University Hospital (CUH) campus.

TWO big Kinsale offers come to market independently this week for receivers — one being 95 acres of spectacularly-sited land at Pregane, next to where a €200m golf resort development was proposed a decade ago.

While white smoke is still awaited on just who has been the victorious bidder on a valuable Cork city six-acre suburban housing site at Cleve Hill, Blackrock Road, agents DTZ bring a larger, but lower profile, housing site to market.

JUST sold for year’s end, after 40 inquiries and a competitive tender process for a receiver, is the Kinsale Road Business Park in Cork - by the city’s busiest traffic junction, the Kinsale Road Roundabout, passed by 85,000 cars a day.

West Cork’s Westlodge Hotel in Bantry is now facing a sale by tender, by December 5, to effect a sale by the year-end CGT expiry deadline.

The Kinsale Road Business Park which is largely let, has a current rental income of €420,000, representing a c 11.5% net initial yield to investors.

The Westlodge Hotel in Bantry, Co Cork which has been in operation for over 40 years, is for sale for €2 million.

A MODERN mixed-use investment building in Cork’s Carrigaline has been sold for around €2 million, acquired by an Irish investor via a competitive bid process.

The failure of Cappoquin Poultry Ltd to repay almost €4m in debts to Henry Good Ltd feed mill in Kinsale, Co Cork, has resulted in receivers being appointed to the family-run company.

TWO Cork bars sales, one in the city, the other in Monkstown, have just been confirmed as the licensed market finally shows some signs of movement, albeit at a very low price level.

DOUGLAS Court Shopping Centre, which has sensationally been placed in receivership, is likely to be managed ’as-is’ for some time before being offered for sale — and its likely value is around €30m, according to property sources.

A bank yesterday appointed receivers to one of the country’s largest shopping centres, built by a prominent Cork family involved in property development for almost half a century.

The Douglas Court Shopping Centre in Cork has gone into receivership.

TWO companies operating eye laser surgery clinics in Dublin and Cork have been placed under the protection of the High Court after it was told they have a reasonable prospect of survival.