Charity St Vincent de Paul has listed its three-storey commercial premises at 2 Tuckey Street in Cork city centre for €650,000, according to selling agent BIG Property. The 3,700-square-foot building, a former RIC barracks, is being sold as the organization relocates to a larger facility suited for its long-term operational needs.
The Bottom Line
- Asset Valuation: The 3,700 sq ft mid-terrace property holds a guide price of €650,000, averaging roughly €175 per square foot.
- Strategic Relocation: St Vincent de Paul is vacating the site to transition into a new city location optimized for its long-term administrative and community requirements.
- Urban Renewal Tailwinds: The asset benefits directly from adjacent public investments, including Cork City Council’s €7m overhaul of Bishop Lucey Park and the €35m acquisition of the Beamish Counting House.
Capitalizing on Cork City’s Public Realm Transformation
Commercial real estate activity along Tuckey Street is currently intersecting with aggressive municipal infrastructure spending. Cearbhall Behan of BIG Property, who is managing the sale, anticipates robust engagement from institutional investors, private owner-occupiers, and local developers. Here is the math: at a guide price of €650,000 for 3,700 square feet of central commercial space, the asset presents an accessible entry point for buyers looking to capture value in a tightly held urban corridor.
The property sits directly on a high-footfall thoroughfare connecting Grand Parade to South Main Street. This micro-market has undergone structural shifts driven by municipal capital allocation. Most notably, Cork City Council recently executed a €7m regeneration of Bishop Lucey Park and completed a €35m acquisition of the historic Beamish Counting House via the same commercial agency.
Property Specifications and Historical Footprint
Constructed as a mid-terrace building spanning three levels, No. 2 Tuckey Street features an established layout comprising a formal reception area, private offices, and dedicated meeting rooms. The building is currently presented in good structural condition, minimizing immediate capital expenditure requirements for incoming buyers.
| Property Metric | Details |
|---|---|
| Address | 2 Tuckey Street, Cork City Centre |
| Size | 3,700 sq ft (343 sq m) |
| Guide Price | €650,000 |
| Configuration | Three-storey mid-terrace (reception, offices, meeting rooms) |
| Selling Agent | BIG Property (Cearbhall Behan) |
The asset also carries significant local history. The site originally functioned as an RIC barracks before sustaining severe damage and burning down in June 1921. It was subsequently reconstructed to temporarily house Cork’s public library between 1924 and 1930, following the destruction of the previous municipal library infrastructure during the Irish War of Independence.
Shifting Civic Footprints and Real Estate Dynamics
As municipal authorities finalize plans to convert the former Beamish Counting House into the new city library, surrounding commercial corridors are experiencing synchronized shifts in tenancy and land use.
The impending relocation of the city library from Grand Parade to the Beamish Quarter will eventually free up substantial real estate assets on Grand Parade.
Market Trajectory and Future Outlook
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
