Solid investment in Cork

A STRONG, income- earning investment with huge profile at Cork city’s traffic pivot point, the Kinsale Road flyover, has come to market, with a €2.2m price guide.

Listed this week with Cohalan Downing are four retail/industrial units at the junction of the old Kinsale Road and what’s known locally as the Magic Roundabout — a five-arm junction with the N40 flyover.

The investment has a current rent roll of €221,000 a year, and major plc company HSS Hire holds leases on two of the four units, with seven years left to run and deemed a very strong covenant.