Investment opportunity at heart of business district

Guided at €4.25 million for owners Aviva Investors, the sale of the landmark 1970s office block 89/90 South Mall is in a pivot position in Cork’s CBD.

Offered as an investment with further development potential and rental uplift hopes, it promises a net initial return of 7.6%, at current €338,000 pa rent.

The five-storey white tile-clad building was for many years known as Norwich Union House, and current tenants include KPMG with seven years left to run on a lease, as well as Fujitsu, while recent arrivals include James Riordan and Partners, and recruitment firm Stelfox.