#CustomHouse - Port of Cork Company's historic city-centre Custom House according to the Irish Examiner is set to be put on the market in the coming weeks as it advances plans to relocate to Ringaskiddy.

The building will be brought to market with a guide price expected to be in the region of €6m but could yet fetch significantly more than that given demand in the docklands area. Sources estimated its eventual price tag could reach as much as €10m.

The 19th century building should prove a major attraction to potential investors given its prominence in the city and rising demand in its vicinity. The building was taken over by the Harbour Commissioners in 1904 on a 999-year lease before the Harbours Act of 1996 transferred all the Commissioners assets to the Port of Cork.

To read more on recent property sales close to the Custom House and a new downriver central business district (CBD) click here.