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IrelandCorkCork City7 - 8 Winthrop Street, Cork City, Co. Cork

€1,850,000

7 - 8 Winthrop Street, Cork City, Co. Cork

Investment Property Refreshed on Apr 2, 2021
#8 of 30 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 high profile end of terrace commercial building located in the heart of Cork City Centre. The ground and part first floor is occupied by Boojum and includes a ground floor restaurant with kitchen and staff accommodation at first floor. The ground floor and part of the first floor are currently let to Boojum under a 20 Year Lease from November 2016 at a passing rent of €130,000 pa, with a tenant break option at Year 10. The remaining first and the entire of the second floor are both vacant and offer an investor potential to increase rental income with the letting of this vacant space. The first floor comprises a former beauty salon with a selection of treatment rooms and waiting areas, while the second floor comprises a former barbers. For the avoidance of doubt Diana O'Mahony Jewellers does not form part of this transaction.

Features

High profile City Centre commercial investment opportunity.,Potential to grow rental income from letting of vacant 1st & 2nd floors.,Offered for sale with the benefit of the existing tenants.

BER Details

Directions

The subject property is located in a high profile location at the Oliver Plunkett Street end of Winthrop Street. Winthrop Street is considered one of the main pedestrian thoroughfares in Cork City. Cork city is the second largest city in Ireland with a population of approximately 200,000 persons, with a county wide population of approximately 520,000 persons. The city offers a vibrant, diverse and compact core with a student population of approximately 30,000 and is home to University College Cork and Cork Institute of Technology. In addition, Cork has an excellent employment base of large multi-nationals including Apple, Dell/EMC, Amazon, Pfizer and Novartis.

Negotiator

Chris O'Callaghan
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