Tiny ‘old triangle’ site guiding close to €1million

A postage-stamp sized site in the heart of Cork City, which was bid upon by US-based developers earlier this year up to a reported €1.3m, is among the 200 lots at the December BidX1 end-of-year online auction.

Guided now at €950,000, the triangle of 0.07 of an acre at Clontarf Street has a lapsed planning for a nine-storey/31,000 sq ft office building, proposed at one stage by Cork developer Tom Coughlan, as a Cork equivalent of New York’s famed and far larger Flatiron building.

It’s next to the bus station, and former warehouse buildings running back to Parnell Place, which were sold last year by Cork City Council, acquired by Brehon Capital for redevelopment as a hotel, hostel and restaurant.