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IrelandCorkCork City37 St Patrick's Street, Cork City, Co Cork

POA
-€1,099,999.00 31st Jul 19

37 St Patrick's Street, Cork City, Co Cork

185.8m 2Investment Property
#12 of 14 Properties Viewed in Cork City
Savills Commercial Cork
Savills Commercial Cork
Tel: 021 427 1371
PSRA Licence No. 002233
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Description

The property comprises a mid terrace four storey building, which is fully let to Pan Jewellery Limited trading as Pandora, under a 15 year lease from September 2015 at a passing rent of €77,500 per annum, with rent reviews in 2020 and 2025. The tenant has a break option in 2021. The property is being offered to the market with the benefit of the existing tenants occupation. The building comprises ground floor retail space with staff and stock accommodation on the upper floors. The tenant Pandora have fitted out the unit to an extremely high standard and the unit has the benefit of excellent profile. The frontage of the property extends to approx. 6 metres and is a modern glazed facade maximising the retailing profile of the property.

Features

Prime city centre retail investment opportunity for sale in St Patrick Street.,Let on a 15 year lease from Sept 2015 at a passing rent of €77,500 per annum. ,Extends to a total floor area of approx. 2,000 sq ft over four floors. ,597 sq ft of ground floor retail space,Good and marketable title. ,The property is offered for sale with the benefit of the existing tenants. ,Seeking offers in excess of €1,100,000 exclusive

BER Details

BER Rating: E2

Directions

No. 37 is located in heart of St Patrick Street in one of the highest footfall locations, with surrounding occupiers including Monsoon, Mountain Warehouse, Vision Express, Holland and Barrett and Permanent TSB. In addition, the property is located adjacent to Opera Lane.

Negotiator

Chris O'Callaghan

Documents

Price Changes in Cork City
Property Price Register in Cork City
Main image for 10 Sheares Street, Cork City, Cork
-€15,000(-6.00%)
€250,000€235,000
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