Five-storey Cork office block for sale at €1.5m
South docklands office is 1.5km from Cork city centre in an established commercial area
Cleve Quarter is built around a central service core which incorporates a stairs, two lifts and toilets on each floor
A modern five-storey office block in Cork’s south docklands in on the market at €1.5 million (or around €43.50 per sq ft) through Lisney.
The sale of Cleve Quarter on Monahan Road is on behalf of receiver Gearoid Costelloe of Grant Thornton. A part of the first floor was previously sold to an owner-occupier, and this is excluded from the sale.
The remaining space, which is vacant and extends to 3,205sq m (34,501sq ft), plus 30 basement car-parking spaces and 55 surface car-parking spaces to the rear, are included in the sale.
Each floor is around 790sq m (8,500sq ft), while the top floor of 372sq m (4,000sq ft) is set back with an external terrace. The offices are mainly finished to a shell standard internally, and each floor is subdivided.
Cleve Quarter, located around 1.5km east of Cork city centre, is constructed around a central service core which incorporates a stairs, two lifts and toilets on each floor level.
Suburban and business park office rents in the area are around €161.46 per sq m (€15 per sq ft).