Unit 7, Eastgate, Little Island, Cork, is a good safe investment

Likely to prove a palatable purchase is the investment sale of the headquarters of the all-island body Safefood, the Food Safety Promotion Board.

Guided at excess €4.75 million is Unit 7, at Eastgate Avenue, Little Island, a 21,000 sq ft stand-alone building within the O’Flynn Construction mixed-use retail, office and motors park on the fringe of Cork city.

It’s 100%, fully let to the Food Safety Promotion Board, although a portion of the ground floor is sublet by the OPW for ten years from 2016, and total rental income is €370,000 pa.