Does anyone know what happened to the flat developments at the start of Sundays Well road, it's called Altus I think? I walked past last weekend and apart from some dead plants on the balconies it looks deserted although has been finished for quite some time.
Also I read in the IT today that the unfinished block of flats at Dennehy's Cross is being sold by the receiver. The 47 units rented out are to UCC students I believe so imagine it will all go that way if somebody buys it as unlikely anyone else will want to live there.
Kieran Wallace is also receiver to the mixed-use apartment and retail development in Dennehy’s Cross on the western edge of Cork city. The Franilla-built scheme includes two blocks of apartments with 142 units, 1,372sq m (14,768sq ft) of commercial space and a basement car park with 214 spaces.
A total of 47 apartments are let and the remaining 95 are being fitted out. Revenue from the rented apartments is €509,320, a figure that is expected to rise to €1.56 million when the scheme is fully completed.
Around one-third of the commercial space is rented by Tesco at €133,056 per annum.
The multiple’s first break option is in 2024.