Historic Victoria Road warehouse and Monahan Road site up for sale in Cork Docklands
Location of 5 Victoria Road, facing O'Callaghan Properties' Kennedy Quay site with scope for 1,500 residential units on the doorstep
Pivotal development sites worth €4m in Cork City’s evolving South Docks have come onto the market this week with agents Cushman & Wakefield.
The listings include 5 Victoria Road, next to Goldbergs bar — a limestone-fronted and listed former grain store with lapsed planning permission for apartments to the rear — as well as a 1.73-acre hard-surface plot on Monahan Road, guiding at €3m.
The latter is close to a recently sold warehouse, also purchased for €3m, which will be redeveloped for sports and leisure use, including five padel tennis courts and saunas.
The most high-profile property is the gable-fronted 5 Victoria Road, between St John’s Ambulance and the popular Goldbergs bar.
It backs onto the Navigation Square office campus, being completed by O’Callaghan Properties, who also hold planning permission for a major mixed-use development on the facing Kennedy Quay, with scope for up to 1,500 residential units.
Also nearby, in the city block behind Albert Quay, clearance has started on the JCD Group’s former Sextant Bar/Carey Tool Hire site.
The project will deliver 217 apartments in a 26-storey tower facing the Elysian, in partnership with Clúid and Cork City Council.
Owned for decades by the Browne family, who run a furniture, joinery, and design business, 5 Victoria Road has more recently been used as an office, art gallery, and storage facility.
The attractive three-bay, double-height former warehouse offers 5,500 sq ft at ground level, 1,140 sq ft on a mezzanine, and a 2,600 sq ft rear yard.
In 2018, it secured planning permission for a 40,000 sq ft development with café, restaurant, and apartments, including a section rising to 10 storeys beside Navigation Square. That permission has since lapsed.
Guiding in excess of €975,000, Siobhán Young, director with Cushman & Wakefield, said: “The South Docklands will be the focus of city centre development over the coming years with the delivery of apartments at The Railyard on Albert Quay and the mixed use development at Kennedy Quay, which is in receipt of planning permission and expected to commence shortly.
"Five Victoria Rd is strategically located between both of these sites and provides for an attractive city centre development opportunity suited to a variety of uses, including residential which it previously had planning permission for.”
Recently sold nearby was 1 Victoria Road, a 4,000 sq ft former Doyle Shipping Group office, which made over €1m.
It was acquired by businessman Packo Maguire of Abbeyside, who also owns the adjoining former Port Bar.
Although refused planning permission for apartments last year, Mr Maguire is expected to make a new application.
Meanwhile, Cushman & Wakefield agent Sean Healy is selling a 1.73-acre site on Monahan Road, currently occupied by a container and portable building business.
The short-term tenancy generates €72,000 per year.
Guiding at €3m, Mr Healy described the site as having “a strong commercial profile with substantial frontage onto Monahan Road, with excellent access to the City Link Road network.” It is zoned “new residential neighbourhoods” in the 2022 Cork City Development Plan.
The same agent recently sold a former warehouse on Monahan Road for €3m. The site has a five-year grant of permission for change of use to sports and leisure, to David Farrell and Tim Murphy of Hazelpath, who plan to build five padel courts and hot and cold therapy rooms.
- Cushman & Wakefield 021-4275454, cushwake.ie.
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