Get the deal Dune on Cork city's recovering retail street 'Pana'

Also close by are North Face, Pandora, Tiger, and recent arrival Krispy Kreme.

The city centre weekly footfall is put at over 500,000, and shoe-seller Dune is paying a rent of €100,000/annum on a short, five-year full repair and insuring lease on No 38 from 2022, offering a 10.7% return to a purchaser after costs. The vendor is a private investor.

Prior to Dune’s arrival, No 38 was occupied by Vision Express. Before that, it was occupied by fashion retailer Warehouse.

Older citizens will remember it as the Aer Lingus offices of old.

No 38 extends to 2,911sq ft over multiple floors, with 1,078sq ft at ground “and benefits from a prime pitch on St Patrick St,” say agents Michéal Walsh and Isobel O’Regan of Savills, who add that the street is witnessing a number of new arrival such as Flannels, Mango, and — just revealed here last week — Neve Jewellers, trading as Austen & Blake, as well as Victoria’s Secret and Body and Bath at Opera Lane.

Also understood to be under advanced negotiation but unconfirmed for St Patrick’s St are Seasalt Cornwall, for the recently vacated French Connection unit, and Lovisa jewellery store at the corner with Princes St/ex-Game Stop.

The arrival of No 38 as an investment sale (tenants Dune not affected) “presents an excellent opportunity for an investor to get a foothold on St Patrick St at a competitive net initial yield of 10.7%”.

“We expect a good level of interest at this attractive price point,” says Savills’ Mr Walsh.

DETAILS: Savills, 021-4271371