Property Summary

The sale of No. 14 Washington Street presents a rare opportunity to acquire a prime commercial and residential investment property in the heart of Cork City Centre. The property occupies a prominent position on the southern side of Washington Street, close to the Circuit Court, Bishop Lucey Park, Grand Parade , proposed convention centre and only a short distance from University College Cork.

The building comprises a ground floor barber shop with additional trading space on the mezzanine level, together extending to approximately 96.6 sq. m. The tenant on the ground floor is unaffected by the sale.

Over the upper floors, the property contains five self-contained apartments, all of which are currently vacant. The first floor contains two studio apartments extending to 58.5 sq. m. in total. The second and third floors each accommodate a two-bedroom apartment, measuring approximately 56.5 sq. m. per floor, while the fourth floor provides a spacious one-bedroom apartment of 45 sq. m. Three of the apartments were vacated in 2024, meaning they will be exempt from Rent Pressure Zone (RPZ) limits by 2026. This exemption, combined with the current vacant possession, offers considerable potential for rent uplift and reconfiguration.

The current annual rental income is approximately €77,000 per annum, with clear scope for growth through re-letting and lease renewals. Many investors will be drawn to the combination of commercial and residential assets, particularly in such a sought-after location where supply is limited and demand remains strong.

With its central position, flexible layout and significant rental potential, No. 14 Washington Street represents an outstanding investment opportunity offering both immediate income and strong long-term value growth.

Key Highlights

Prime city centre location near key amenities and transport links

Mix of commercial and residential accommodation

Five vacant apartments offering strong re-letting prospects

Three apartments RPZ-exempt by 2026

Current income c. €77,000 p.a. with potential for uplift

Excellent opportunity for investors seeking both yield and long-term value

Viewing is strictly by appointment through the joint agents, Aine McLoughlin of AML Property Services and Cearbhall Behan of BIG Property.(021) 427 0007