Sunday July 12, 2020

Rumour of Hollywood glitz at Allsop auction

A Hollywood actor is understood to have bought a Cork office block at the Allsop Space auction last Wednesday for €1.4 million.

26th October, 2014
38 South Hill, Dartry, Dublin 6, overlooking the Dropping Well and the Dodder River.

A Hollywood actor is understood to have bought a Cork office block at the Allsop Space auction last Wednesday for €1.4 million. He appears to have got good value as the property at 57, 58, and 59 South Mall in Cork city centre generates €151,700 a year in rental income, which throws off a relatively attractive gross yield of 10.8 per cent a year for the investor.

And this return could be further increased as 343.7 square metres of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago