3.31 acres of Cork docklands brought to market

A price guide of €1.2 million an acre is indicated in the proposed sale of 3.31 acres of Cork docklands, being sold by the Doyle Group for €4 million.

New to market and being sold as part of the group’s repositioning of its property holdings, the asset offered via Cushman & Wakefield currently comprises a warehouse property of 76,000 sq ft, in two sections and in current warehouse usage, near Monahan Road and Centre Park Road.

It’s an area already undergoing redevelopment, with the delivery of the new Páirc Uí Chaoimh GAA stadium just a few hundred metres to the west (due summer 2017), and near where Cork City Council plan a new regional park to serve future docklands and suburban regeneration by the former Showgrounds and the Marina.