21, 22, 23 Oliver Plunkett Street, City Centre Sth, Cork Cit...POA

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  • Retail Units

Description

Prime Commercial Investment Properties - AS ONE OR MORE LOTS (Tenants Unaffected)
The properties being offered for sale comprise three self-contained ground floor retail units which have the benefit of good display frontage and on-street presence to Oliver Plunkett Street, enjoying the benefit of a high concentration of pedestrian footfall. Each of the units is currently held under a long FRI lease. Internally the individual units are in good condition.

NOTE: The overhead accommodation does NOT form part of the retail units being offered for sale.

The properties are centrally located within Cork City Centre on the southern side of Oliver Plunkett Street and immediately adjacent to Pembroke Street, Winthrop Street and Caroline Street which lead directly to Patrick Street. Oliver Plunkett Street is Corks second most prominent retail street and is a pedestrian priority zone between core business hours, seven days a week.
Oliver Plunkett Street and the immediate surrounding streets have a diverse occupier mix including Browne Thomas, Keane’s Jewellers, Imperial Hotel, Debenhams, General Post Office and Merchants Quay Shopping Centre, which incorporates many of the leading retailers.

Features

• Prime Investment Opportunity
• The properties are offered for sale with the benefit of the existing tenants.
• High-profile retail Location.
• Full repairing and insuring leases.
• Combined Income €111,000 p.a.
• Excellent frontage to Oliver Plunkett Street
• Ground Floors Retail Units Only.

Accommodation

Lot 1
No. 21 Oliver Plunkett Street, Cork T12 PD86
Occupant: Cunneen Lock & Safe Ltd (Tenant unaffected)
Tenancy: Held under lease for a term of 35 years from June 1989 with 5 year rent reviews.
Current Rent €33,500 p.a.
Floor Area: c 65.5m² (705 sq ft) BER: D2 No.800621955.

Guide Price: €425,000

Lot 2
No. 22 Oliver Plunkett Street, Cork T12 PD31
Occupants: Fran & Jane (boutique) (Tenant unaffected)
Lease: Held under lease dated May 2006 for a term of 20 years with 5 year rent reviews.
Current Rent €47,000 p.a.
Floor Area: 79.4m² (854 sq ft) BER: G No.800621963.

Guide Price: €475,000

Lot 3
No. 23 Oliver Plunkett Street, Cork T12 A5D7
Occupants: Jacques Restaurant (Tenant unaffected)
Lease: Held under lease dated December 2012 for a term of 20 years with 5 year rent reviews.
Current Rent €30,500 p.a.
Floor Area: c. 59 sq m (635 sq ft) BER: E2 No.800622003.

Guide Price: € 410,000

R.V. Information pending

Solicitor:Linda Harney, Donegan Solicitors, 6 Lapp's Quay, Cork

Tenure: Held under long lease

Viewing Details

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