Three Cork city investments worth a combined €3 million-plus coming to open market

THREE retail-based Cork city investments, worth a combined €3 million-plus and each promising a yield of c.8.25% come to the open market this week with Cushman & Wakefield, pitched at private investors, and to those in search of pension income.

Two are on Oliver Plunkett Street, Nos 53/54, and at No 64, and the other is on the Grand Parade, where the very substantial but underdeveloped Nos 42-44 are about to be vacated at ground level by the Fáilte Ireland Cork Tourist Office, where it has been based for about 30 years operating as Cork-Kerry Tourism/Ivernia and latterly as Áras Fáilte.

The Tourist Office is due to relocate to 125 Patrick Street, taking 720 sq ft at ground level opposite Merchants Quay Shopping Centre, in a c €55,000 pa lease deal agreed on the building by Patrick’s Bridge last year via Global Properties.