'4.9 acres': Exceptional cornerstone commercial site in Mahon to excite the market

An exciting opportunity in Mahon is expected to raise interest from active investors and developers in the commercial sector who will no doubt welcome the arrival of this versatile property to the market today which represents an interesting commercial/development opportunity.

Accommodation includes a 44,000 sq ft office building, 165 parking spaces and extensive green areas. Strategically positioned at the entrance to the Mahon Industrial Estate, the scale and potential of this 4.9 Acre site is inviting. Mahon is a key urban location that is well-serviced and it is an established suburb of Cork that has experienced extensive infrastructural investment and residential development in recent years.

Within the immediate area, there is an impressive range of employment, health/medical, education, retail and residential uses. These include Crawford Gate and Clover Hill housing estates, Mahon Retail Park & Shopping Centre, Mahon Golf Course, The Mater Private Hospital and Mahon Industrial Estate, whose tenants include SR Technics, HSE, Infineon, the Irish Wheelchair Association and Nature Childcare.

The current owner occupiers — a multinational engineering company — are relocating their business in 2025, thus creating the opportunity.

“This is a large suburban site that is fully serviced,” says Siobhán Young, Divisional Director of sales agents Cushman & Wakefield, “providing an immediate opportunity to rent the modern first-floor office accommodation while master-planning the remainder of this 4.9-acre site for a variety of uses including residential, health, education or hotel uses.”

The property is zoned Zoning Objective 10 in the Cork City Development Plan 2022-2028. This zoning type is ‘to provide for the creation and protection of high technology related office-based industry and enterprise to facilitate the opportunities for employment creation’.

Within this zoning type the following primary uses are permitted: high-tech office industry, advanced manufacturing, RD&I, ICT, green tech, media and general office. The following other uses are also permitted: residential, light industrial, primary care centres, hospitals and laboratories.

The building was originally developed approximately 30 years ago by Measurex, who were operating in the paper industry at the time, using the ground floor for the manufacture of paper sheets.

More recently in 2019, the current owners undertook extensive renovation works of the property which encompasses 44,000 sq ft / 4,100 sq m in total on a corner site in an established urban hub surrounded by a mix of residential, office and industrial occupiers.

The building works – covering part of the ground floor and the entirety of the 1st floor – included a new modern reception and staff canteen, the upgrading of all windows, remodelling the layout to provide for open-plan offices, a new air-handling and building management system, internal insulation, new plumbing, flooring and audio-visual upgrades, as well as decorative enhancements.

The upgraded offices feature open-plan spaces, small and large meeting rooms, call pods, project rooms, a canteen and kitchenette, good levels of natural light and extensive surface parking with electrical vehicle charging points.

“The Office Sector has remained resilient during 2024,” adds Peter O’Flynn, Managing Director of Cushman & Wakefield, Cork, “with employers embracing a level of hybrid working but settling on a defined number of days back in the office.

“There has been a flight to quality from many occupiers. However, this has opened opportunities in other sectors looking at well-located buildings on good public transport routes for different uses. This location has already changed in terms of uses, with new residential developments taking place in the immediate vicinity in recent years, and we see this continuing.”

The sale represents the opportunity for a new owner to further develop the site and building for a wide variety of uses including residential, hotel, offices, medical or education. Held Freehold Title the site will be sold by way of Private Treaty with the benefit of vacant possession. 

Cushman & Wakefield are seeking offers in excess of €4,500,000.

Contact Details

Peter O’Flynn

Managing Director

Cushman & Wakefield Cork 

M: 00353 86 250 7944

E: peter.oflynn@cushwake.ie

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Siobhán Young

Divisional Director

Cushman & Wakefield Cork

M: 00353 87 185 4274

E: siobhan.young@cushwake.ie