Swiss rent roll heads over a jammy €400,000 a year

A Swiss-based investor has commenced building a portfolio of Cork city centre properties, having spent close to €5 million to date, acquiring a number of well-established buildings on Oliver Plunkett Street and St Patrick’s Street, with over 12 tenants combined, and getting an average 8% rent return on his purchases.

Included in the rapidly assembled portfolio are the ground floors of Nos 21, 22 and 23 Oliver Plunkett Street, with a combined rent roll of €110,000 from tenants Cunneen Locks, Fran & Jane boutique and Jacques Restaurant, who have a portion of the restaurant at No 23, with the rest backing onto Phoenix Street.