New to market this month are nos 31, 32 and 33 South Terrace. No 31 previously accommodated Mel College/CLC, a private grind and languages school, one of several private/pre- and post-Leaving Cert schools on the street at one stage.
Ending this architecturally original block of six over-basement buildings on South Terrace, the buildings no 31-33 are being sold via agents Powell Property. No 33 is privately owned, and 31/32 were owned by developer Joe O’Donovan (who ran Mel College), and are now being sold for a receiver.
Listed front and back they span a 0.36 acre site which includes a large car park to the rear of the properties, accessed from Cotter Street.
Agent Michael Powell describes them as “an ideal investment opportunity, with many original interior fixtures and features.”
They are under early offer, at €1.1 million, and interest is already coming from investors, as well as those with education, hotel, and student accommodation backgrounds.
Nearby are St John’s College campus and the CIT/UCC school of architecture, as well as the South Infirmary/Victoria hospital complex, and Breast Check Clinic.
In the early 1800s, the block of red-brick buildings was owned by noted architect Sir Thomas Deane, and the Buildings of Ireland Register describes the six as one of Cork’s most significant Georgian terraces.
There have been some pastiche blocks, and one 1990s modern apartment complex inserted since on the South Terrace, and planning is in place on the broad street’s western end for a significant office development, on the old Brooks site.
Also on the South Terrace is the city’s long-established synagogue by Rutland Street, which is also likely to come for sale soon.
Details: Powell Property 021-4279729