Ex-Fleming Construction HQ selling for €750k

A high-profile office-and-warehouse building, which was the main HQ of West Cork-based Fleming Construction in the run-up to the boom and eventual crash, has come back up for sale.
Ex-Fleming Construction HQ selling for €750k

Set just on the Cork side of the main, N71 approach road into Bandon town, and listed with Sam Daunt and Niall Guerin, of Savills Cork, for a receiver, is this 17-year-old property, on almost 1.2 acres.

Priced at €750,000, it’s a curious mix, given almost equal space between office use and warehouse: it has purpose-built offices, spanning 12,580 sq ft, over two-levels, with three-level annex, in a mix of cellular and open-plan space.

It links to a rear warehouse unit, behind the offices, which measures 16,813 sq ft and is built with a steel portal frame.

This is where the Fleming Group pioneered their steel-frame construction process, as they ramped up housing output, eventually building an enormous factory (for their Fusion method in house- and apartment-building for UK and Irish markets) in Cork’s Ringaskiddy.

By the mid 2000s, and based at this Bandon HQ, Fleming Construction employed up to 2,000 and was turning over €200m a year.

The group folded with debts of over €1bn, and John Fleming served out a bankruptcy period in the UK. A prior attempt was made, in 2013, to sell this property, which was then priced at €600,000 by local agents.

Nearby occupants include Nyhan Motors, Cahalane’s filling station and drive-thru, Bandon Mart, MC & S Agriculture, and Atkins Farm Machinery, with a new Aldi nearby on the Glasslyn Road, beyond the bypass roundabout.

Savills’ Sam Daunt says “this property presents a unique opportunity to acquire a purpose-built office and warehouse on the outskirts of Cork,” and he expects both owner-occupier and investor interest.

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