A prime, former shoe shop with one of the most attractive original shops fronts in Cork City’s Oliver Plunkett Street (and almost 60 years of trading history) is looking for new uses.

THOSE who entered the residential buy-to-let market, particularly at the latter end of the boom, are now experiencing a triple onslaught of a significant reduction in rental income, a raft of new Central Government taxation and a disturbing average capital equity loss of €150,000 to €200,000 on each purchase.

A €20 MILLION mixed-use development has gone on site less than 100 yards from St Patrick’s Bridge in Cork city.