Cork's Bazzers Barbershop has more than enough to make the cut at €800,000

14 Washington Street Cork including Bazzers Barbershop.

Pensioners and investors, fancy a bit more on top?

Fancy a top-up return option on your pension pot?

A Cork City investment property sale at No 14 Washington Street has a long-established barbershop, Bazzers, at ground level — while overhead across four levels are five apartments, all currently vacant.

The mid-terrace building is on the southern side of Washington Street, between the Grand Parade and South Main Street, a block from Triskel Arts Centre and Christchurch venue as well as from city’s Bishop Lucey Park — currently undergoing a significant upgrade to include a plaza and events pavilion, as part of a wider City Hall investment in the ‘Grand Parade Quarter’.

Likely to date to the early 1800s, brick-faced No 14 is part of a block created to link the Western Road to the city core, as laid out by the Cork Wide Street Commission, opening in 1826 as Great George Street and later becoming Washington Street in 1918.

Guiding at €800,000 and being sold by a long-time investor, No 14 can earn rental income of €77,000 when the five apartments are re-let.

Three apartments have been vacant since 2024 and thus “may be exempt from rent pressure zone [RPZ] limits in 2026, offering scope for future rental uplift exempt”, say joint agents Cearbhall Behan of BIG Property and Aine McLoughlin of AML Property Services.

The Bazzers Barbershop is on the ground floor with mezzanine, yielding €19,000 pa on a 35-year lease from 1989, with the five apartments.

The apartments are a mix of one- and two-bedroom units on the upper floor, with some division/amalgamation possible — for example on the second floor, which is home to two one-bedroom units.

Floors three and four each have two-bedroom apartments, and the top floor has a one-bedroom unit described as “spacious”.

The joint agents’ guide of €800,000 equates to a gross yield of 9.6%.

Ms McLoughlin said: “Total current rental income is approximately €77,000 per annum, with clear potential for growth once the RPZ exemptions apply and reconfiguration options are explored.”

Joint BIG agent Mr Behan added: “Many investors like the combination of commercial and residential assets.

“Supply of quality city centre mixed-use properties has been very limited, and demand remains strong.”

No 14 has a central location, between the city core and University College Cork, near the historic city courthouse (now the circuit court), English Market, Bishop Lucey Park, student accommodation, and the Counting House offices on the old Beamish & Crawford site. The previously agreed events/convention centre is also on South Main Street.

Pitching to investors and those looking for a private pension source of income, BIG’s Mr Behan said: “With its central location, flexible layout, and balanced commercial and residential mix, No 14 Washington St is expected to attract strong interest from investors seeking both immediate income and long-term value.”

DETAILS: AML Property Services 021-2410997, Behan Irwin Gosling 021-4270007