24/25 South Mall is an investment to bank on

The arrival of a recently-merged credit union, with strong branding, on Cork city’s traditional banking and financial services heartland and where older office buildings are still selling at €1-€4m values, is indicative of the changes across a range of professions and the banking sector there in the past decade.

Recent years have seen AIB, Bank of Ireland, Ulster Bank, NIB, ACC and others all leave or sell up South Mall premises, although in some cases BofI and AIB had several branches or entities on the Mall and were rationalising/reordering space and branch needs.

Now, a compact 5,600 sq ft four-storey office building at 24/25 South Mall has come for sale as an investment, guiding €1.15 million and currently under offer just below the €1m price level and getting very active inquiries.