Sale time at Debenhams Cork store

WITH plans afoot for the €70m-plus investment property sale of the ‘old’ Roches Stores/Debenhams Cork’s store by the publicity-shy Roche family, the arrival of a neighbouring niche investment with a more modest €1.5m price tag has impeccable timing, and opportunity.

Listed this week is 38, 39 & 40 Maylor Street, bookended by Debenhams on the western side, and by Smyths Toys on the eastern flank. It’s guided at €1.5 million by Cohalan Downing, and has an income of €126,000 pa.

It comes publicly, as under-the-radar marketing has been continuing to international funds and Irish REIT investors on the iconic 12-17 St Patrick Street, a retail department store, still owned by Roche family members and being sold on their behalf.