€1.5m Lapp’s Quay office investment opportunity

The third floor of No 6 Lapp's Quay is fully tenanted

The third floor of 6 Lapp's Quay is on the market for €1.5m

Thu, 16 Jul, 2026 - 13:00

Catherine Shanahan, Property Editor

Hot on the heels of a recent successful office investment sale at No 5 Lapp’s Quay, Cork City, another prime investment opportunity has presented itself at neighbouring No 6, where the fully tenanted third floor is on the market for €1.5m.

The suite, held by FitzGerald Law LLP on a 10-year lease from September 2025 with a passing annual rent of €95,000, is on the third floor of the six-storey office building with frontage onto both Lapp’s Quay and Clontarf St.

The waterfront development in the city’s central business district is fully occupied, as are neighbouring office developments at 5 Lapp’s Quay and in City Quarter.

Previous nearby sales include:

Ground floor, 6 Lapp’s Quay, which made €750,000;
Second floor, 6 Lapp’s Quay, which made €1.05m;
More recently, the penthouse floor at 5 Lapp’s Quay, which made €1.16m via Margaret Kelleher of Cohalan Downing.

At 3,223sq ft, the penthouse floor is considerably smaller than the current offering which extends to 5,662 sq ft (562sq m) and is laid out with an attractive reception area, canteen, boardroom, open plan office, two meeting rooms, staff kitchen, storage areas, and individual private offices.

An on-site concierge service is at ground level, while a new management company has just announced extensive plans to renovate common areas.

Agents Knight Frank are handling the sale and director David McCarthy said there has been a “noted increase in the level of enquiries seeking city centre offices over the past six months and vacancy rates in the central business district are low”.

“This resurgence in demand for good quality offices coupled with limited supply has led to an increase in rents,” he said, adding that the subject property “presents a very rare opportunity to acquire a compact easily managed office investment in the heart of the city centre”.

“We expect strong interest from private investors, many of whom will be investing via pension funds,” said Mr McCarthy.

The property is centrally located, within minutes of St Patrick’s Street, South Mall, the train station, and bus station.