Third Floor, City Quarter, Lapps Quay, Cork

€4,500,000

Beds
Price	€4,500,000
Property Type	Investment Property
Size	1567 meters²
Energy Rating	BER-C2
Refreshed on	Nov 1, 2024
Eircode
Group Name	Sherry FitzGerald Commercial
Sales License Number	001628

Description

Sherry FitzGerald Commercial, alongside our joint agents H Property, on the instructions of Gerard Murphy Reciever, are delighted to offer For Sale this significant office investment opportunity (Tenants Not Affected). Located on the third floor of the renowned City Quarter development on Lapps Quay, this investment forms part of a five-story, mixed-use commercial development in Cork's central business district. Spanning approx 1,567 sqm. Designed by prominent architects Scott Tallon Walker, City Quarter is strategically positioned beside the four-star, 191-room Clayton Hotel, with both buildings benefitting from shared access to a 280-space double-basement car park offering occupiers and visitors unrivaled convenience. This prime location places City Quarter within a short walk of South Mall, Patrick Street, and Cork Citys major transportation hubs, while offering scenic views over the southern channel of the River Lee and proximity to the Cork Docklands, a major focus of ongoing development in the city. The investment comprises the entire third floor of City Quarter, which spans a net internal area of 1,566 sq m (16,862 sq ft) and gross internal area of 1,901 sq m (20,472 sq ft). The floor layout features five individual office suites arranged around a central service core, ensuring optimal accessibility and functionality. Currently, the entire third floor is fully leased, generating an annual rent roll of 430,990 ex. With its fully occupied status, prime location, and strong occupiers, this property presents an opportunity for individual and institutional investors alike. Detailed lease schedule available on request

Accommodation

BER Details

BER: C2 BER No: 800036915 Energy Performance Indicator: 457.24kWh/m2/yr 1.33

Negotiator

David McCarthy

Description

Accommodation

BER Details

BER: C2 BER No: 800036915 Energy Performance Indicator: 457.24kWh/m2/yr 1.33

Negotiator

David McCarthy