Quality Kerry spread

AS nine city apartments in one lot go ‘sale agreed’ for over €1m, via Downing Commercial in Cork’s Mahon, a Killarney offer — also of nine quality units — comes to tempt a wide range of investors.

The nine apartments in one block on Killarney’s Countess Road, owned by a private investor who’d bought as a pension, are being sold with a guide in excess of €600,000 sought; in fact, the Kerry block has already gone over that in offers to c €660,000.

They comprise one lot, block five, of six blocks built by Sundays Well Developments in a well-regarded scheme called The Avenue. At the time of its construction in 2004, to include 103 apartments in all with 27 holiday units plus crèche, it was valued at close to €40m, and development levies alone reached €1 million. Individual apartments sold from €270,000, to €400,000 for penthouses.