Investment/ Future Development Opportunity
FOR SALE BY TENDER/ 9th NOVEMBER 2017
38, 39 & 40 MAYLOR STREET, CORK CITY
An opportunity to acquire a substantial City centre investment property with the current
tenants remaining unaffected in this high profile location in the heart of Cork City.
The property offers a combined current rent roll of €126,000 per annum.
The buildings extend to 14,300 sq.ft approx. and occupies an overall site area of approx.
0.2 acres/ 0.08 ha.
This location provides immediate access to Patrick Street, Oliver Plunkett Street, Parnell Place, South Mall, etc.
Established and nearby neighbouring occupiers include; Smyths Toys Superstores,
Debenhams, Brown Thomas, Hickeys, Intersport Elverys and Warren Allen Café.
The subject property is located on Maylor Street, in the heart of Cork City Centre. The property
benefits from some 80 ft of frontage to Maylor Street and 60 ft of frontage to Merchant Street. Maylor Street is a busy retail thoroughfare linking Parnell Place with Patricks Street, Cork city's premier retail thoroughfare. The property is positioned 150 meters east of Patrick Street, 70 metres west of Parnell Place and 85 metres north of Oliver Plunkett Street.
Immediate occupiers include; Smyths Toys Superstores, Debenhams, Brown Thomas, Hickeys, Cork Bus Station along with a host of high street retailers such as Pennys, Marks & Spencer's, Easons, McDonalds.
The offering comprises 38, 39 & 40 Maylor Street, laid out over ground, first and second floor. Currently in mixed use to include ground floor retail with ancillary storage to the rear and upper floors. The upper floors of 39 & 40 are also in use as residential accommodation (in need of refurbishment).
The entire is for sale on an investment basis with the tenants remaining unaffected. The property would also be extremely well suited as a future infill development opportunity, given its prime location and favourable site area as the tenants have signed deeds of re ...