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Dublin and Cork properties with moderate price tags

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The Cork investment at 80/81 Oliver Plunkett St is occupied by three tenants and generates €69,500 per annum

The Cork investment at 80/81 Oliver Plunkett St is occupied by three tenants and generates €69,500 per annum

The Cork investment at 80/81 Oliver Plunkett St is occupied by three tenants and generates €69,500 per annum

Two commercial properties have been brought to the market this week by Lisney, one a vacant Dublin commercial property and the other a fully let, Cork city centre investment.

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

Extending to 1,438 sqm, it is primarily a warehouse building with offices standing on a 1.12-acre site with two access points, one from the industrial estate and the other from Tyrconnell Road. The part three-storey section contains offices on two floors.

Under the city council’s draft development plan it is proposed to rezone the property to Zone Z9: “To preserve, provide and improve recreational amenity, open space and ecosystem services.”

That zoning would include a cemetery, club house and associated facilities. It would also allow the council to consider uses such as café, car park, childcare, amenity, craft centre, crematorium, cultural/recreational 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 €1.7m guide price

Kermorr House, Goldenbridge Industrial Estate, Tyrconnell Road, Dublin 8, has a €1.7m guide price

Kermorr House, Goldenbridge Industrial Estate, Tyrconnell Road, Dublin 8, has a €1.7m guide price

It is situated 3km east of the M50/M7 junction, close to Blackhorse Luas Stop and Inchicore village.

The Cork investment at 80/81 Oliver Plunkett St is occupied by three tenants and generates €69,500 per annum. It is prominently located at the junction of Princes Street and Oliver Plunkett Street, which are key streets in the city’s retail precinct.

With a €795,000 guide price, this reflects a 7.95pc NIY. Lisney say it has potential for further rental increases at lease renewal. Extending to 2,131 sqft over four storeys, the wraparound ground-floor retail unit and firs-floor offices are occupied by the Irish Examiner newspaper which is owned by The Irish Times. This lease is due to expire in December 2023 and the other two leases have already expired.

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

Princes Street has become a popular dining street following its pedestrianisation and the outdoor seating/dining areas provided by restaurants on the street.

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