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12/13 South Main Street, Cork City Centre, Co. Cork


Type
Commercial

Status
Sale Agreed

Size
295 sq.m.

BER
BER
C1
EPI: 0 kWh/m2/yr

Description

Liam Mullins & Associates bring to the market this excellent investment opportunity to acquire a four storey building located in a prime location on South Main Street, Cork City. The property measures c3,173 sq ft and is currently at full occupancy with Subway leasing the ground floor and residential apartments on the upper floors. With the Old Beamish & Crawford Site currently currently undergoing major development, South Main Street offers huge potential for an investment property such as this.

Property Layout:

Ground Floor – Retail Unit (Current Lessee Subway) measuring c767 sq ft plus cold storage , ladies & gents toilets. The current passing rent is 28,000 + VAT. 20 year Lease commenced in April 2012 with a review every 5 years.

First Floor – Three Bedroom Apartment measuring c 802 sq ft. Accommodation includes kitchen/dining room, Bathroom, 3 No. Bedrooms and Toilet) with passing rent of 17,400 (No Vat)

Second Floor – Three Bedroom Apartment measuring c802 sq ft. Accommodation includes kitchen/dining room, Bathroom, 3 No. Bedrooms and Toilet) with passing rent of 16,152 (No Vat)

Third Floor – Two Bedroom Apartment measuring c802 sq ft. Accommodation includes kitchen/dining room, Bathroom, 2 No. Bedrooms and Toilet) with passing rent of 16,198 (No Vat)

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