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88 Oliver Plunkett St, Cork City, Cork City Centre, Cork

€525,000

For Sale

  Description

Located in the heart of the city centre, this investment comprises a corner building in a high-profile position. The property provides a ground floor retail unit with the upper floors in office and storage use. It is fully occupied by a single tenant. Currently producing €47,000 per annum the property is an excellent investment with a performing tenant. Oliver Plunkett Street is one of Corks prime retail street which is partially pedestrianised.
The property comprises an end of terrace 3 storey over ground floor building. It has street frontage onto Oliver Plunkett Street along its southern boundary, Marlboro Street to the east and adjoining buildings to the north and west. The entire is currently occupied by a candle retailer. The ground floor is being used for retail purposes with the upper floors providing office and storage space.
Accommodation:                          SQ.MGround floor Retail unit                  c. 55.42First floor: Storage / Office Space / retail c. 44.03Second Floor Staff toilet and storage space c. 53.56Third Floor 2 Store rooms                   c.30.99Total: c.184 sq.m / c.1979 sq.ft.
Services: Mains water, sewer, storm. Heating: Electric heating 
Occupancy: We understand that the entire is occupied on a formal lease by M&K Commercial Limited. The lease is a 15 year lease from October 2015 on Full repairing and insuring terms, 5 year rent reviews and break clauses in years 2 and 7. The current contracted rent is €47,000 per annum. The rent is paid monthly in advance

  Building Energy Rating

BER: C3
BERNo. 800345969
EPI: