Thursday 31 March 2011

Keano scores a Corker after pitch for South Mall property | Irish Examiner

Keano scores a Corker after pitch for South Mall property | Irish Examiner


ROY KEANE and his family have scored with a modest property investment on South Mall, Cork — buying a four-storey building for the price of a mediocre Championship league footballer.

The Cork sports star’s name has been linked to a confidential sub-€500,000 property purchase in his native city’s financial heartland, with the building likely to be registered in a Keane family member’s name.

Coincidentally, the property at 44 South Mall already had a Keane association — it was the former offices of estate agents Keane Mahony Smith, who’ve just relocated.

Now, the property, which had been marketed over Christmas with a €550,000 price tag is being put up for let with agents Remax, looking to rent it for €30,000 a year — about the annual wage paid to some FAI footballers.

News that Keane has a shoe-in on an Irish property investment may well see the currently unemployed manager and former top player inundated with other property pitches, given the distress — and now, real value, too — in the Irish property market.

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