Beat a path to Trailfinders

INVESTORS seeking a return close to 13% on their €1m investment should beat a path to Cork’s Marlboro Street and to nos 40/41, home to travel company Trailfinders, which is occupying on a 25-year lease from 2006.

It is priced at €1m by Eoin Ryan of DTZ Sherry FitzGerald, and has a rent of €135,000, on upward-only five-year reviews, with a tenant break option in 2021.

Previously a pub, trading as Billy Morgan’s, it was bought ten years ago by developer Joe O’Donovan. It’s now being offered for sale for receivers, HLB McKeogh Gallagher Ryan, and was last on the market in 2012, for €1.2m.