Prominent restaurant building in Cork city selling at €600k

A restaurant-building investment, in the belly of Cork City’s food district, the Huguenot Quarter, is for sale, with three tenants in all, including a long-established eatery, the Strasbourg Goose.

New to market is 17/18 French Church Street, an historic building between Patrick Street and Paul Street, amid a host of eating houses, cafes, bars, and booskhops in a pedestrianised quarter that dates back to the arrival of hundreds of French huguenots to Cork in the 17th century.

No 17/18 French Church Street is fully let, to three tenants, with a combined rent of €43,644 pa, says agent, Chris O’Callaghan, of Savills, who is asking €600,000 for what he bills “a commercial investment opportunity, in Cork City centre.”

The ground floor has been let almost 20 years to chef, John Kelleher, as operator of the Strasbourg Goose, a very popular day and evening restaurant, with value fixed-price menus.

The building at numbers 17/18 French Church Street is for sale and has a restaurant tenant.

The Strasbourg Goose occupies 840 sq ft at ground and mezzanine level, with restaurant/dining, two kitchens, WCs, and stores, etc, and there’s a further 1,355 sq ft for each of the first and second floors.

The upper levels are laid out as offices, with a similar combination of open-plan and cellular offices, with independent access, let on rolling terms.

A breakdown of rents among the three current tenants is not disclosed publicly by Savills, but will be available to prospective investors in the building.

Mid-terraced, No 17/18’s location is on the western side of French Church Street, between Patrick Street and Paul Street, with a new Carluccio’s set to open later this year to the rear of Super-Dry/Moderne, with building works there commencing by landlords, Davy.

Currently also to let nearby is a compact, former retail/coffee unit, via Lia Dennehy, of Savills, at 4 French Church Street, vacated by a coffee shop company. Negotiations with a new tenant are understood to be advanced on No 4.

Also adjacent are Nando’s, Cork Coffee Roasters, Coq Bull, and Weatherspoons, and a host of other cafes along Academy Street, at Paul Street Plaza/Paul Street, and down the slender Carey’s Lane, all of which comprise the Huguenot Quarter.

Other traders in the vicinity include Tesco, Boots, Super-Dry, Next, Top Shop, and River Island, along Opera Lane.

Details: Savills 0214271371