High-profile city centre location with potential has €395k guide price

12 St Paul's Avenue, Cork city

A two-storey commercial premises in a high-profile Cork city centre location near Lavitt’s Quay is on the market with a guide price of €395,000.

The 5,920 sq ft (550 sq m) premises is on the corner of St Paul’s Avenue, where cars turn off Lavitt’s Quay to access the multistorey car park adjoining Paul St Shopping Centre. It has one tenant and is generating €20,000 in annual rental income but has scope for additional tenants.

12 St Paul's Avenue, Cork city

The Simon Community currently occupies 2,000 sq ft on the top floor but the lease expires in April 2027. An additional 1,000 sq ft on the same floor is unoccupied.

The ground floor is open plan and was previously used as a flexi-work environment.

Selling agent is Ray Sweetnam of Casey & Kingston and he said the building is already under offer “in excess of the asking”.

Among those looking are an owner/occupier and a developer.

As well as the premises itself, there are four parking spaces to the front of the property.

Mr Sweetnam said there is potential for conversion to residential units or to other commercial uses, subject to planning permission.

There are two entrances to the end-of-terrace building at No 12 St Paul’s Avenue. It overlooks the River Lee and is within a short walk of the city’s main shopping streets. Other occupiers in the surrounding area include; Paul Street Shopping Centre, Tesco, TK Maxx, Lidl, The Chemist Warehouse and more. The property is being sold by a Cork family as part of an executor sale.

DETAILS: E: [e-mail] T: 021-427 1127.