Properties in Dublin and Cork with moderate prices

Two commercial properties were put on the market by Lisney this week, one a vacant commercial property in Dublin and the other a fully let investment in Cork city centre.

The more valuable of these is Kermorr House, Goldenbridge Industrial Estate, Tyrconnell Road, Dublin 8, which has development potential and a target price of €1.7m.

Spread over 1,438 sqm, it is primarily a warehouse with offices on a 3 acre site with two entrances, one from the industrial park and the other from Tyrconnell Road. The partially three-storey wing contains offices on two floors.

Per the City Council’s draft zoning plan, it is proposed that the property be redesignated as Zone Z9: “To preserve, provide and enhance recreational facilities, open spaces and ecosystem services.”

This zoning would include a cemetery, clubhouse and associated facilities. It would also allow the council to consider uses such as a cafe, car park, childcare, amenity, craft centre, crematorium, cultural/leisure building, garden centre, place of worship and a local shop.

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Kermorr House, Goldenbridge Industrial Estate, Tyrconnell Road, Dublin 8 has a target price of €1.7 million

It is 2 miles east of the M50/M7 junction, close to Blackhorse Luas station and the village of Inchicore.

The Cork investment at 80/81 Oliver Plunkett St is occupied by three tenants and is generating €69,500 per annum. It occupies a prominent position at the intersection of Princes Street and Oliver Plunkett Street, the main thoroughfares in the city’s shopping district.

With a target price of €795,000, this corresponds to a 7.95-piece NIY. Lisney says there is potential for further rent increases when the lease is renewed. The ground floor wraparound retail unit and first floor offices span 2,131 square feet over four floors and are occupied by the Irish examiner Newspaper owned by The Irish Time. This lease expires in December 2023 and the other two leases have already expired.

The second floor is occupied by Tawan Thai Therapy and the third floor by Conor Buckley & Co Solicitors. Upper floors have the benefit of separate access from Oliver Plunkett Street

Princes Street has become a popular dining street after its pedestrianized street and outdoor seating/dining areas provided by street restaurants.

https://www.independent.ie/business/commercial-property/dublin-and-cork-properties-with-moderate-price-tags-42150231.html Properties in Dublin and Cork with moderate prices

Fry Electronics Team

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