Property Description

114 Saint Brendan's Road, Farranree is an exceptional, fully renovated home located within walking distance of Cork City Centre. Extensively refurbished to an outstanding standard in 2026, this turnkey property has been thoughtfully designed with high-quality, durable finishes, ensuring minimal maintenance and long-lasting performance throughout its tenancy.

Offering a rare opportunity for secure, long-term investment, the property is leased to Cork City Council on a 20-year Fully Repairing and Insuring (FRI) lease, providing reliable rental income backed by one of Ireland's strongest public sector covenants.

As the tenant is responsible for repair and maintenance obligations, ownership is straightforward and low management, making it an attractive option for investors seeking stable, predictable returns. At the end of the lease term, Cork City Council may either return the property in the agreed condition or negotiate a lease renewal, offering both flexibility and long-term value.

Combining dependable income, inflation resilience and minimal management responsibilities, this property is particularly well suited to Personal Retirement Savings Accounts (PRSAs) and other pension structures focused on preserving capital while generating secure, long-term returns.

Features:

• All-new furniture fit out

• 4-Bedroom, 2-Bathroom, Semi-Detached

• Lease in place for guaranteed rental income

• Energy Rating Upgraded to C1

• Extensive solar panels

• Fully-fitted kitchen fitted with ample storage

• All new bathroom ware fitted to both bathrooms

• New gas boiler and hot water tank installed

• Net yield - 6.4%