Busy buildings in Cork’s historic hub

By Tommy Barker

A CORK city centre complex of retail and offices, fronting two streets and with a combined income of €96,000 per annum is for sale at a price guide just north of €1m.

Listed for private treaty sale with joint agents Cohalan Downing Associates and Savills are the tenanted properties at 19 & 20 Princes Street and nos 25 & 26 Marlboro Street, set between the South Mall, and Oliver Plunkett Street.

Offered in one lot, and with a guide price of €1.05m, the buildings are described by Brian Olden of CDA as a city centre investment opportunity, with scope to enhance income further as an asset management opportunity.

The mid-terraced 19th century cluster is high-profile, and includes offices, restaurant, retail and treatment centre.

Tenants include Nash 19 cafe and restaurant on a 35-year lease from 1990, and Advanced Laser Light on an eight-year lease from 2011, both on Princes Street, while on Marlboro Street tenants are Cahalane Skuse estate agents, on a ten-year lease from 2017, and Yang Sheng Japanese Therapy, also on a ten-year lease from 2017.

Upper level occupiers include Barry Sheehan Solicitors, on a ten-year lease from 2017, and Timothy J Hegarty and Son Solicitors, on a 50 year lease from 1974 and due for review in August 2019.

Details:

Cohalan Downing Assocaites 021-4274204, Savills 021-4271371.