McDonald’s on Winthrop Street returns to investment market

Hoping for a quick flip in the fast food sector is an investor who aims to off-load a Cork city McDonald’s restaurant that he bought last year for over €4 million.

This week, the long-established McDonald’s on Winthrop Street next to Brown Thomas on Patrick Street, Cork has come back to the investment market, guiding €5.2 million, and with a rental income of €372,000 pa from McDonald’s Restaurants of Ireland Ltd.

The 10,000 sq ft investment property at Nos 4 and 5 Winthrop Streetwas put to the open market in February 2014 with Maurice Cohalan of Cohalan Downing, then guiding €3.5 million for Dublin-based owners.