Former Blacktie shop will suit investor on main Cork city street

WITH a pick-up in fortunes at the northern end of Cork City’s retail thoroughfare, Patrick Street, a new sales push and a new agent are behind the vacant corner property at No 125 Patrick Street/Lavitts Quay, by St Patrick’s Bridge.

Previously the Blacktie dress-hire shop owned by Niall O’Farrell, it had been on the market over two years ago at €1.35m, after Blacktie went into liquidation. At its peak, Blacktie had 17 Irish outlets, and, at time of closure, after 25 years in business, 11 shops were affected.

Now, the price quoted by Seamus Costello of DTZ Sherry FitzGerald for No 125 Patrick Street is €800/850,000, and that’s for a genuinely high-profile, 2,695 sq ft four-storey building, with vacant possession. The company’s giant DTZ For Sale banner proclaims it as a landmark building — and the point is proven by that same banner’s high visibility along the city quays.