€1.2m for Emmet Place Costa Coffee building

STARBUCKS and Nando’s are coming to Cork City’s Emmet Place — and, now, an investment property linked to long-time developer/investor, Robin Power, and which is let to two food operators, is for sale there, priced at €1.2m.

On a plaza shared by Cork’s Opera House, and facing the Crawford Gallery, Opera Lane retail boulevard and Dunnes Stores’ city ‘super-store’, the striking, corner-set No 5/6 Emmet Place links back to No 16 Drawbridge Street, and has a floor area of 2,220 sq ft.

Selling agent is David McCarthy, of Lisney, who says it is fully tenanted and earns €109,000 per annum from the two lets. The ground floor is let to Costa Coffee, under a 25-year lease from October, 2009. The second floor is let to Aroma Restaurant, under a 35-year lease from August, 1989.