Safe bet on building for let on Cork’s South Mall

A building on Cork’s South Mall up for let could be a good bet — previous uses have include a stockbrokers on the ground floor and a casino on its upper levels.

New to the city’s letting market is the entire building at 86 South Mall, between the Imperial Hotel and the burgeoning, new Central Business District beyond the just revamped Parnell Place, including Lapps Quay, Albert Quay and with further offices expected to be built at Andersons Quay.

No 86 is an older style building, facing south on the South Mall and opposite the Passport Office, and is near where a number of office investment sales have recently taken place, including 80A South Mall, which made over €3m via Downing Commercial.

Coming to market with Paul Hannon of Lisney, he seeks €35,000 pa for No 86, and he’ll also rent the ground floor separately, at €20,000 pa, noting “demand for well fitted self contained ground and upper floor office units has increased in recent months”, and pointing to sales of 80A, No 83 and 81 close by.

Despite appearances, the building is not period and was only built in the last four or five decades with concrete frame and has a large ground floor storeroom from previous bank-type uses.

The 1,400 sq ft ground floor unit is L-shaped, with access to Smith Street to the right/behind, and overall there’s 3,400 sq ft net.

Lisneys describe the building as high profile, by bus stops and with a large display window.

They say it is fitted to a high standard, and is ready for immediate occupation, on a new lease with flexible lease terms.

Details: Lisney, 021-4275079


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