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Investment Opportunity, Main Street, Carrigaline, Co. Cork

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Investment Opportunity, Main Street, Carrigaline, Co. Cork FOR SALE BY PRIVATE TREATY Investment Opportunity, Main Street, Carrigaline, Co. Cork Investment Opportunity Contact 637 sq m / 6,856 sq ft approx. Philip Horgan Property Highlights Email: [email protected] Tel: +353 (0)21 427 5454 • Town Centre investment opportunity • Two storey detached property and adjacent end-of terrace two Peter O’Flynn storey premises with car parking facilities Email: [email protected] • Pelican House comprises a bookmaker at ground floor level and a Tel: +353 (0)21 427 5454 restaurant on the first floor. The premises extends to approx. 430 sq. m. (4,628 sq. ft.) Cushman & Wakefield • The ground floor is let to Boylesports on a 10 year lease from May No. 6 Lapp’s Quay Cork 2015 with a current passing rent of €48,100 per annum. The first Ireland floor is let to Spice Restaurant on a 25 year lease from December Tel: +353 (0)21 427 5454 2008 with a current passing rent of €24,000 per annum. • Drake House consists of two restaurant / retail units at ground floor cushmanwakefield.ie level and office accommodation on the first floor. The premises extends to approx. 207 sq. m. (2,228 sq. ft.) and is currently vacant. • Tenants unaffected Investment Opportunity, Main Street, Carrigaline, Co. Cork The Location Tenancy Carrigaline is a vibrant town that has a population Tenants unaffected. Pelican House is fully occupied, in excess of 15,000 persons and is located south the ground floor is let to Boylesports on a 10 year of Cork City. The town acts a service centre for lease from May 2015 with a current passing rent of Ringaskiddy, Currabinny, Crosshaven, Myrtleville, €48,100 per annum. The first floor is let to Spice Fountainstown and Minane Bridge. Restaurant on a 25 year lease from December 2008 with a current passing rent of €24,000 per annum. (contracted lease rent is €55,000 per annum). The subject property is located on Carrigaline’s Main Street adjacent to Phelans Pharmacy, Bank of Ireland, Ladbrokes and Apache Pizza. Occupier’s Title close by include Lidl, Dunnes Stores and Super Valu - Carrigaline Shopping Centre. We understand that the property is held Freehold / long leasehold. Description BER details The property comprises a two storey detached property and adjacent end-of terrace two storey Ground Floor - Pelican House unit with car parking facilities. BER C1 Ber No. 800479412 Energy Performance Indicator: 870.12 kWh/m2/yr. Pelican House consists of a modern two storey end of terrace commercial building. The property has a First Floor - Pelican House traditional glazed shop front at ground floor level. BER D1 Ber No. 800479404 Drake House is a detached two storey commercial Energy Performance Indicator: 1212.59 kWh/m2/yr. building with two retail units at ground floor level and office accommodation on the first floor. Drake House BER D2 Ber No. 800480089 The property benefits with an adjoining car park Energy Performance Indicator: 891.4 kWh/m2/yr. that accommodates 13 parking spaces. Accommodation The approximate gross internal floor areas of the property are as follows: Property Sq M Sq Ft Pelican House 430 4,328 Drake House 207 2,228 TOTAL 637 6,856 The total site area is approximately 0.3 acres VAT We have been advised that VAT is subject to the transfer of business rules. Purchasers should seek professional and independent advice in relation to VAT. Any VAT liability that may arise will be the responsibility of the purchaser(s). Guide Price €1,150,000 Viewings Viewing by appointment with the sole agents Cushman & Wakefield. Contact Philip Horgan Email: [email protected] Tel: +353 (0)21 427 5454 Peter O’Flynn Email: [email protected] Tel: +353 (0)21 427 5454 cushmanwakefield.ie Ordnance Survey Ireland Licence No. AU 0015617 Cushman & Wakefield No. 6 Lapp’s Quay Cork Ireland Tel: +353 (0)21 427 5454 Email: [email protected] cushmanwakefield.ie Conditions to be noted: A full copy of our general brochure conditions can be viewed on our website at http://www.sherryfitz.ie/terms or can be requested from your local Cushman & Wakefield office. We strongly recommend that you familiarise yourself with these general conditions. PSRA Registration Number: 002607..
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