Ballincollig is a banker

STRONG, five-yearly rental increases, with the next hike due in summer, 2016, underpin the attractiveness of a bank building investment, in Cork’s redeveloped Ballincollig Town Centre.

Fresh to market this week, with agents Niall Guerin and Isobel O’Regan, of Savills Cork, along with Kevin McMahon, of Savills Investments in Dublin, is the Bank of Ireland branch on Main Street, Ballincollig.

It forms a key profile part of the redeveloped Murphy Barracks site in the booming satellite town, which has an exceptionally strong IT employment base, and key retailers include Dunnes, Tesco, SuperValu, Aldi (2 stores) and Lidl. A new McDonalds drive-thru opened nearby in recent months