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38 Oliver Plunkett Street, Cork City Centre, Cork

€545,000

For Sale

  Description

Location: The property is situated in the heart of Cork City Centre. Oliver Plunkett Street is one of the city's prime retail streets and links the Grand Parade to the west with Parnell Place to the east. St Patrick street lies to the north whilst the primarily office area of South Mall is to the South. Oliver Plunkett Street has a wide range of operators on the street from Penneys, to mobile phone stores, small local retail traders, bars and restaurants. The street is restricted to pedestrian access only from 11.00 to 5.00 pm 6 days a week.

Description:
The property comprises an end of terrace 3 storey over ground floor building. It has street frontage onto Oliver Plunkett Street along its Northern boundary, a narrow laneway to the east and adjoining buildings to the south and west. The ground floor is currently occupied by a Subway sandwich store and they also occupy part to the first floor which is accessed both from the retail unit internally and from the main building stairwell. Public toilets and a small eat-in area are available to the rear of the ground floor. The first and second floors comprise 2 one bedroomed self contained apartments (each apartment having open plan kitchen/dining/living area, bathroom and double bedroom) and there is a two roomed office on the third/attic floor. The third floor does not have its own self contained toilet but does have the use of a toilet which is available at the first floor return.
Accommodation:      Ground Floor    Commercial Unit                SQM                                                                                c. 52.8First Floor 1 Bed self contained apartment(in need c. 38.6of upgrading) and store for commercial unit
Second Floor   1 Bedroom self contained apartment      c. 28.8
Third Floor        2 Offices        c. 28.8                          Total c.149 sqm/ c. 1603 sq ft
Services: Mains water, sewer, storm
Heating: Electric heating in each apartment

Occupancy: We understand that the ground floor and part of the first floor of the property is occupied by Subway International BV having taken an assignment. The assigned lease is a 35 year lease from February 2003 on Full repairing and insuring terms, 5 year rent reviews and no break clauses.

The upper floors are vacant.

It should be noted that the upper floors need investment to be brought to level that is compliant with fire safety requirements.

Rateable Valuation: Ground floor Shop: €114.28

BER: Rating: D2-E1

BER Numbers: Available on request

Energy Performance Indicators: Available on request

Asking Price: €545,000 (exclusive of VAT if applicable)

Viewing: Strictly by appointment with sole selling agent.
Location Map






















  Building Energy Rating

BER: D2
BERNo.
EPI: