A building for buyers to ‘court’

Two former Cork City sites, associated with boom-time purchases involving Oyster Developments, are being brought to market by Savills.

A building for buyers to ‘court’

One is the former Atkins building, which, for a period, was a temporary courthouse on Camden Quay, near St Patrick’s Bridge and opposite the Opera House. It last sold in 2005, for €12.2m: now, its price is €750,000, and it is open to a variety of uses, from cultural to commercial.

The second site, also controlled by Oyster Developments and also now being sold, is at the Carrigrohane Straight Road, just west of County Hall and Victoria Cross, opposite the just-reopened Kingsley Hotel.

This latter site, previously a Coca Cola bottling centre, is 1.5 acres with 32,000 sq ft of buildings, and has 60 metres of frontage to the Carrigrohane Road, partly wrapping around the existing Topaz filling station. Also adjacent is a single-storey print works, Cork County Council’s new library building and County Hall, and the Curraheen River runs to the south, with apartments and townhouses built by Oyster Developments beyond that again, along Farranlea Road.

In a key amenity section of the city, by public walkways and sports amenities, it is zoned mixed residential, and other uses, in the Cork City Development Plan, 2009-2015, and the area has also been colonised in the past decade by purpose-built student accommodation, given the proximity of UCC and, to a lesser extent, CIT.

It previously had planning permission for the 120 apartments, with a retail unit and crèche, on a western suburban/edge of green belt, to include the Topaz station, which isn’t included in the current sale, via Steven Denehan and Niall Guerin of Savills, who price it at €800,000.

Meanwhile, the profile of Oyster’s former site, on Camden Quay, is even higher, on a busy city centre quay with noted, and protected, Italianate facade.

For decades a garden centre (coincidentally, Atkins, who also had been in Winthrop Street as well as Camden Quay, still trade very successfully out on the Carrigrohane road with a bustling garden centre and cafe), it was bought by Northgate Investments in the 1990s, and was leased for a number of years to the Courts Service, while a major refurb’ of the main Cork courthouse, on Washington Street, was undertaken. It’s currently being used by a community arts organisation.

The most recent, nearby comparable sale is the former AIB branch at Camden Quay/Bridge Street, acquired by the Cork English College English-language centre four years ago, for €1.5m, and significantly upgraded. Also suited to education/cultural uses, this latest Camden Quay offer is a protected structure, and essentially a warehouse building to the back, with enclosed rear yard with six to eight car-parking spaces.

Right now, there’s 28,713 sq ft, fully occupying the 0.49-acre site and there’s planning for 65,000 sq ft of offices, 18,000 sq ft of retail and 15 parking spaces.

Price is €750,000, via agents Colin Kavanagh and Isobel O’Regan, of Savills.

* Details: Savills 021-4271371

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