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Paul Street Shopping Centre for sale

Comments

  • #2
    horgan_p
    Moderators, Education Moderators Posts: 2,612 Mod ✭✭✭✭horgan_p


    Neither Tesco nor the car park are included in the sale.

    I doubt theres big money there once those 3 are taken out.


  • #3
    beer enigma
    Registered Users, Registered Users 2 Posts: 6,231 ✭✭✭beer enigma


    horgan_p wrote: »
    Neither Tesco nor the car park are included in the sale.

    I doubt theres big money there once those 3 are taken out.

    Rent of €370k per annum from some crumby units could easily be increased with better tenants. I'm not advocating kicking out the small businesses but I never go there except for Tesco and the car park


  • #4
    Oafley Jones
    Registered Users, Registered Users 2 Posts: 6,536 ✭✭✭Oafley Jones


    beer enigma wrote: »
    Rent of €370k per annum from some crumby units could easily be increased with better tenants. I'm not advocating kicking out the small businesses but I never go there except for Tesco and the car park

    And what better tenants would want to go into there. Honestly, they're lucky to have what they've got.


  • #5
    TheDriver
    Registered Users, Registered Users 2 Posts: 12,705 ✭✭✭✭TheDriver


    There's massive footfall tho. Investment could yield a better centre.


  • #6
    Cork Trucker
    Closed Accounts Posts: 2,441 ✭✭✭Cork Trucker


    TheDriver wrote: »
    There's massive footfall tho. Investment could yield a better centre.

    The massive footfall stems from Tesco and the car park. I’d say in the last 30 years I’ve vs only used the old sails cafe that was upstairs and Porters for the lotto ticket on the way in or out apart from Quinnsworth as it was pre 1997


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  • #7
    TheDriver
    Registered Users, Registered Users 2 Posts: 12,705 ✭✭✭✭TheDriver


    Cork Trucker wrote: »
    The massive footfall stems from Tesco and the car park. I’d say in the last 30 years I’ve vs only used the old sails cafe that was upstairs and Porters for the lotto ticket on the way in or out apart from Quinnsworth as it was pre 1997

    I concur but there is a lot of potential with the amount that passes outside. It prob gets more footfall than the cornmarket centre.


  • #8
    Cork Trucker
    Closed Accounts Posts: 2,441 ✭✭✭Cork Trucker


    TheDriver wrote: »
    I concur but there is a lot of potential with the amount that passes outside. It prob gets more footfall than the cornmarket centre.
    The only draw for Cornmarket Street (for some but not all) is Lidl, all that is needed in Paul Street is modernisation, even if Tesco bought out the whole lot bar the car park and leased out the units after a refurbishment, that's not unheard of either. I'm sure Tesco could turn that store into a two storey with ease. If they chose not to then i'm at a loss as there isn;t a whole lot else you could do with what's in there as it isn't the largest of shopping centre's.


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