| Beds | |
| Price | €650,000 |
| Property Type | |
| Size | 539 meters2 |
| Energy Rating | BER- |
| Refreshed on | Sep 19, 2025 |
| Eircode | |
| Group Name | Savills Commercial Cork |
| Sales License Number | 002233 |
Description
The property comprises a secure, gated car park at roadside level, with 19 spaces, currently licenced on an annual basis. The asset is currently producing an annual income of 51,300 offering a highly attractive NIY of 7.18%. The car parking spaces are held under rolling one year licence agreements, with an annual rent per space of 2,700 per annum.
Features
High profile and strategically located city centre investment opportunity.
The property comprises a secure gated car park at roadside level.
19 car parking spaces currently licenced on annual rolling licences.
Currently producing an income of 51,300 per annum (2,700 per space pa).
Offers a highly attractive NIY of 7.18%.
Situated on Morgan Street which connects South Mall and Oliver Plunkett Street.
Potential for future re-development, with the site zoned ZO 05 - City Centre.
The property extends to 539 sq m.
Directions
The property is situated on Morgan Street, which connects South Mall, Cork's historic CBD, to Oliver Plunkett Street, a retail thoroughfare. Its location right in the heart of the city centre, makes it extremely well positioned for the business community.
Negotiator
Michéal Walsh
Date created: Sep 19, 2025
