Warehouse clearance sale

A warehouse building with other potential higher-end uses in Cork city’s western suburbs, close to third-level college CIT, has had a price slash, so that now it can be bought for one third the cost of comparable construction.

And, the well-located building comes back to market at a reduced price despite industrial values having already recovered strongly during 2015.

It was launched in a slack October 2013 market via Savills for receivers KPMG at excess-€1.4m, and now is marked down to €1.2m, with keen interest expected now on its relaunch.