BAM brings prime retail investment opportunity in Cork city centre to the market

BAM is bringing a prime retail investment opportunity in Cork City centre to the market at a guide price of €1,730,000. The well-located property is already let to Tesco Ireland Ltd on a 20-year lease.

The property is situated in the heart of Cork on the west side of South Main Street and forms part of the overall Brewery Quarter Development which includes a 420-bedroom student accommodation complex, Lee Point, the iconic Counting House mixed use scheme which extends to 90,000 sq ft and the proposed 6,000-capacity Cork Event Centre. The area is currently undergoing a €46 million public realm improvement scheme which started this week with works commencing in Bishop Lucy Park.

The building comprises a newly constructed ground floor self-contained retail unit extending to a gross internal area of 5,708 sq ft. The store is fully fitted to a high standard and trades as a Tesco Express.

CBRE and Behan Irwin & Gosling are acting as joint agents on behalf of BAM.

Brian Edwards, CBRE commented: ‘This prime city centre investment is let to an exceptional tenant on a long-term lease. It is a very attractive lot size that will have strong appeal to a wide range of private and institutional investors.’

Cearbhall Behan, BIG commented: ‘We expect  significant interest due to the quality of the covenant and the limited supply of such secure investments in the marketplace.’