Also big block sellers were City Square, in Watercourse Road, with 125 apartments listed under three block addresses, going to a British fund who are making waves in Cork, totalling €27m, via Savills (commercial units sold there aren’t on the Register) while Coldwell Bank got €5.25m for an apartment block of 55 units at Camden Quay, in a deal which totalled €6.8m adding in some commercial space.One variant of the Price Register shows 27 Cork residential transactions over €1 million, of which we reckon a dozen are genuine, individual property, third party transactions.
It was sold by Ron Kruger of Engel & Volkers, and had been a year or so on the market, and it made €2.55m, to a Cork buyer based in the Caribbean.
This ‘Top Sale,’ just over the €2.5m mark, earned this reporter a single, solitary €1 in an Irish Examiner bet with a colleague, who believed it would never get anything like its €2.75m asking price: yes, we’re big spenders too.
While Ardnacarrig’s buyer’s identity isn’t publicly confirmed, sources indicate the buyer is a particularly low-key Munster multi-millionaire.
And, it transpires he not only has a feeling for riverside properties, he also loves the sea.
The former family home of the late renowned businessman Bernie Cahill, Cuan Bán on the Colla Road in Schull sold during 2018, in jig-time, via local Schull agent James Lyons O’Keeffe.