High street commercial / development opportunity spanning Cork’s Patrick Street to Winthrop Street
A rare opportunity: With frontage onto two busy Cork streets, the property at No.26 Patrick Street and No.19 Winthrop Street represents a great opportunity to create a large, mixed-use property suited to both commercial and residential uses right in the heart of Cork city.
New to the market, No.26 Patrick Street and No.19 Winthrop Street is offered for sale with vacant possession via agents Cushman & Wakefield.
The sale provides investors with a mixed-use opportunity to acquire a large building with frontage onto two of Cork’s premier retail streets, Patrick Street and Winthrop Street.
Formerly occupied by AIB, this property is in good company, occupying a high-profile location and sitting strategically between Brown Thomas and Penney’s, and opposite Dunnes Stores and Mango.
The property extends to 11,650 sq ft in total and the former banking hall is far larger than many will remember, measuring 4,609 sq ft on the ground floor alone.
With dual access from Patrick Street and Winthrop Street, the floor may very well be suited to one or more occupiers such as retail and/or food and beverage uses.
Overhead, there are fully fitted offices across the 1st and 2nd floors that AIB previously occupied for office, board room, meeting room and staff facilities. The 1st floor extends to approximately 4,082 sq ft and the 2nd floor extends to approximately 2,960 sq ft.
Given its scale and core city centre location, the property is suited to a wide range of mixed uses including retail, food & beverage, residential, a hotel or hostel, education and offices subject to planning permission.
The property is now for sale with vacant possession. Selling agents Cushman and Wakefield are seeking offers in excess of €3,500,000 on behalf of their client.
Siobhan Young, Divisional Director with Cushman and Wakefield, advises: “This property is deceptive in size as it has traditionally been associated as a banking hall.
“However, its scale should not be underestimated given the dual address of 26 Patrick Street and 19 Winthrop Street in addition to the large yard to the rear. Being sold with vacant possession, there is a great opportunity to create a large, mixed-use property suited to both commercial and residential uses in the city centre core.”
In addition to dual access and two main stair cores, the property also benefits from a large rear yard with vehicular access from Robert Street.
Naturally, few city centre shoppers would have been aware of the property’s large enclosed, secure yard, which vehicles could access via Robert Street, the street between the property itself and Penney’s.
In addition to the multiple access points, there are two large stair cores serving the east and western aspects of the building, providing for the possibility of sub-division and a range of separate uses.
Shoppers would, of course, be very aware of the popular neighbouring outlets, Brown Thomas and Penney’s and opposite Dunnes Stores and Mango. At 19 Winthrop Street, the property is neighboured by Smiggle, McDonalds, Boojum and Hallmark and Sprout who are currently fitting out the former Ulster Bank premises.
Just around the corner from Cork’s GPO and adjacent to bustling retail and lifestyle streets, any new occupier of the premises will find themselves right in the heart of city centre life in ‘The Real Capital’, as Cork people like to call their hallowed turf. Patrick Street is the core centre of Cork City, while Winthrop Street is the city’s busiest and most popular pedestrian street.
The addition of a number new retailers to the city centre recently has increased activity and footfall, including Mango, Mountain Warehouse, Victoria Secret, Bath & Body Works and Austen & Blake Jewellers.
Good interest is expected in this sale given its location, stature and future use possibilities.
- The property extends to 11,650 sq ft between Patrick Street and Winthrop Street in Cork city centre and is offered for sale with vacant possession.
- Located between Brown Thomas and Penney’s and opposite Dunnes Stores and Mango the property is strategically located in good company.
- Dual access from Patrick Street and Winthrop Street, the property also benefits from a large rear yard with vehicular access from Robert Street.
- Given its scale and core city centre location, the property is suited to a wide range of mixed uses including retail, food & beverage, residential, a hotel or hostel, education and offices subject to planning permission.
- Guiding €3,500,000.
Zoning Objective 05 City Centre in the Cork City Development Plan 2022 – 2028. To facilitate the development of the central area and to promote its role as a dynamic mixed used centre for community, economic, civic, cultural and residential growth.
Managing Director, Cork
086 250 3944
peter.oflynn@cushwake.ie
Divisional Director
087 185 4274
siobhan.young@cushwake.ie
For more information on No.26 Patrick Street and No.19 Winthrop Street, visit:
