One-acre site in Cork city centre on the market for €4.5m
The sale of the site on Patrick's Quay by private treaty is being handled by CBRE on behalf of a receiver who does not wish to be identified.
CBRE said the site, which is situated 200m from Kent Train Station, offers 'significant potential' for a variety of uses, although this is subject to planning permission.
It said the site benefits from 'excellent connectivity' and is within walking distance of key city amenities, including Patrick's Street, which is the city's main retail area.
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Did the EU have its hands tied before striking a trade deal with the US?
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This week host Ciarán Hancock is joined in studio by economist and Irish Times contributor John FitzGerald. He gives his reaction to the EU-US trade deal that will see a 15% tariff rate on European imports going into the US, a deal that he feels the EU had agreed to with 'two hands tied behind its back' on account of its continued reliance on the US when it comes to the war in Ukraine.Also, ahead of Budget 2026 John outlines the need for the Government to stop pumping money into a booming economy and focus on making space for much-needed infrastructure. He feels we are inflating the economy when we should be cutting expenditure or raising taxes, neither of which would be politically popular.Produced by John Casey with JJ Vernon on sound.
A feasibility study has been carried out, which found the site has potential for multiple development options, including residential, hotel or aparthotel, or a combination of hotel and residential uses.
The surrounding area features a mix of commercial premises and low-rise residential developments. In recent years, the immediate vicinity has seen significant investment, with office developments delivered at Penrose Dock and Horgan's Quay.
The property includes a collection of Victorian-style warehouse buildings, featuring brick and limestone facades with pitched slate roofs. The majority of the site was, until recently, in use as a car park.
CBRE said it anticipates 'strong interest' from a range of developers and investors seeking a 'high-profile development opportunity' in one of Cork city's 'most desirable locations'.
CBRE's Cliona Lenahan said: 'Patrick's Quay presents a rare opportunity for developers and investors to acquire a strategically-located site in the heart of Cork city. Given its scale and prime location, the site is well-suited to a wide variety of potential uses.
'We anticipate strong interest from both domestic and international parties, particularly those focused on delivering much-needed housing in Cork city.'
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