Development drawing very strong interest

Very strong interest is being shown in an uncompleted, mixed-use commercial development in Fermoy town, North Cork, according to Savills agent Steven Denehan.

Carrying a modest €300,000 guide, the 20,000 sq ft Blackwater Commercial Centre (on the former site of Blackwater Motors) has just one tenant, paying €27,000 pa, but has scope for six shop units and first floor offices, with planning for a restaurant. It has parking for up to 72 cars, with a former standalone railway shed, a protected structure, with planning for conversion to offices.

Set on the Dublin Road, the development, which had been carried out by Oyster Developments, has good profile and easy access to the M8, and is secure and purpose built. Most of the structures are finished only to a shell state. It’s by a busy Topaz service station and residential developments, and adjacent traders include Spar, Mace and Fermoy-Nissan car dealership. Unit 5 is the only completed and let space, occupied by Hacketts bookmakers on a 20 years lease from 2008, at €27,825 exclusive.