Take your pick from two lots of apartments

APARTMENTS built by Howard Holdings are being offered for sale for receivers KPMG, in two lots, in Cork City centre, and in outer suburban Rochestown.

Most interest is likely to come in ten units out of the 32 developed City Hall, at Copley Hall. All are rented, there’s over €100,000 in income, and the ten have an alluring guide price of €900,000 quoted by Catherine McAuliffe of Savills. Considerable investor interest is expected, with buyers able to take advantage of a CGT exemption if bought during 2014, and held for at least seven years. Capital value appreciation is virtually certain given the value offered — but bidding is likely to drive the price beyond the €900,000 guide.

(Savills currently have a bid of €1.6m on 11 residential units at Cork’s Vicars Road, Togher, with an income of €120,000 pa. Called Sonas, it had a guide of €1.2m when launched in April.)