Blackrock is now a hot-spot suburb, in the midst of a style turnaround and resurgent property values. There’s a strong tide running in favour of the historic, old harbour suburb, which is becoming a Cork version of Dublin’s Dalkey.
Now as likely to be eyed-up by trendy food providers as much as by traditional publicans, The Leaping Salmon is a classic, traditional-built bar and lounge, with outdoor, covered smoking area/beer garden, and two overhead, one-bed apartments for rent.
The entire is new to market with agent, Cearbhall Behan, of Behan Irwin Gosling, selling for owner, John O’Connell, who is retiring. It’s priced at €450,000, all in, is set between the church and the pier, and has a 1,000 sq ft lounge, 650 sq ft bar, all on a site of 3,500 sq ft.
Noting the obvious potential to add a food business, pubs in the Blackrock area “only rarely come up for sale,” says Mr Behan, and the other ‘locals’ include the Maple Leaf, and the Pier Head, which has a first-floor Chinese restaurant.
The last comparable sale was of the the Venue Bar, Ballintemple, in 2014, for an undislosed price. The Venue was bought by experienced publican, Con Dennehy, from the Treacy family, and had previously been priced at €495,000.
Some of Cork City’s strongest prices have been paid for top homes on the Blackrock Road and Marina, up to and over €2m, including Dundanion House, which will be converted back to a private home.
Blackrock is now a walkers’ and joggers’ paradise, linking into the rail-line amenity walk, while the cafe at Blackrock Castle and Observatory has major drawing power.
And there’s now an extra lure to the village/pier area, which will benefit the Leaping Salmon: a €1.3m public-realm upgrade is in train with Cork City Council by the bakery/cafe.
Plus, luxury apartments at Blackrock House (the former Ursuline Convent) are getting a strong market reaction, while new, semi-detached homes at Eden, in the old convent grounds, are being launched this coming weekend by Lisney.
The nearby Mahon area is now home to many thousands of IT, office, and retail jobs. Also in train in the hinterland is the revdevelopment of Páirc Ui Caoimh and the area also gets a musical lift from the Live at The Marquee Music festival each summer.
“This premises offers a good trade in an excellent area, with obvious food business potential,” says Mr Behan about the Leaping Salmon’s special setting.
: Behan Irwin Gosling, 021-4270007