Investor appetites whetted at Cork city cafe sale

Froth in the property investment market has meant a coffee shop and restaurant building has been bought for 30% over its initial guide - at a cool ‘costa’ €1.6 million.

A Cork city centre investment property at 5/6 Emmet Place, in Cork city centre by the Opera House, Opera Lane and the city’s Apple offices went to market in June, guiding €1.2 million.

Long associated with developer Robin Power, and near the back of the Savoy Centre, the distinctive corner plaza-set building with turret top links back to No 16 Drawbridge Street, with a total floor area of 2,220 sq ft.