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7-9 East Douglas Street, Douglas, Cork, Douglas, Cork

Sold 4306 Sq.ft
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7-9 East Douglas Street, Douglas, Cork, Douglas, Cork

Sold

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Description

INVESTMENT & DEVELOPMENT OPPORTUNITY (TENANTS NOT AFFECTED) A STRATEGICALLY POSITIONED PROPERTY SITUATED IN THIS HIGH PROFILE LOCATION IN THE CENTRE OF DOUGLAS VILLAGE WITH EXCELLENT ROAD FRONTAGE WITHIN THIS MATURE AND DESIRABLE RESIDENTIAL SUBURB OF THE CITY.

Accommodation

THE PROPERTY NO 7-8 The property comprises of a three storey and part single storey mid-terraced commercial building with a restaurant on the ground floor and overhead offices with separate ground floor access. NO 9 The property comprises of a two storey end of terrace building that is vacant and in poor condition together with an adjoining undeveloped site. Total site area circa 206 SQ M (2216 SQ FT). ACCOMMODATION No 7-8: Restaurant 213 Sqm (2297Sq Ft) / First & Second Floor Offices 79 Sqm (853 Sq Ft) No 9: Vacant 108 Sqm (1156 Sq Ft) ZONING/PLANNING PERMISSION The zoning applicable to the property is “Town Centre/Neighbourhood Centre” in the Cork County Council - Carrigaline Electoral Local Area Plan 2011. The property also has the benefit of two planning permissions details as follows: Planning Permission Reg No: 13/4708 for change of use of existing shop to a ground floor café/takeaway Restaurant, demolition of corrugated iron shed and construction of a rear extension as granted on the 3rd February 2014. Planning Permission Reg No: 14/5891 for change of use of existing shop to an off licence facility, demolition of corrugated iron shed and construction of rear extension as granted on the 5th December 2014. TENANCY The ground floor of 7-8 East Douglas Street is let to Marcello Liotta on a 20 year lease from the 1st April 2014 at a current rent of €55,000 with 5 yearly rent reviews with no break clause. The first and second floors have 1 tenant in situ with no formal lease at an annual rent of €3840.00 details of which are available on request. With regard to No 9 East Douglas Street this building is currently vacant. BER INFORMATION Unit 7-8: (Restaurant) BER: D1 BER NO: 800459331 Unit 7-8: (Offices) BER: G BER NO: 800459372 Unit 9: (Vacant) BER: G BER NO: 108475971 FLOOR AREA/SITE Total Floor Area 400 SQ M (4306 SQ FT) Total Site Area Circa 0.05 Hectares (0.128 Acre) SOLICITOR MASON HAYES & CURRAN South Bank House, Barrow Street, Dublin 4, Ireland. t: +353 1 614 5000 f: +353 1 614 5001 d: +353 1 614 2116 m: +353 864665168 e: aokeeffe@mhc.ie w: mhc.ie FURTHER INFORMATION / VIEWING

Viewing Details

For further information please contact: Stephen Clarke t: + 353 21 4251010 e: sclarke@reaodonoghueclarke.ie

Description

INVESTMENT & DEVELOPMENT OPPORTUNITY (TENANTS NOT AFFECTED) A STRATEGICALLY POSITIONED PROPERTY SITUATED IN THIS HIGH PROFILE LOCATION IN THE CENTRE OF DOUGLAS VILLAGE WITH EXCELLENT ROAD FRONTAGE WITHIN THIS MATURE AND DESIRABLE RESIDENTIAL SUBURB OF THE CITY.

Accommodation

THE PROPERTY NO 7-8 The property comprises of a three storey and part single storey mid-terraced commercial building with a restaurant on the ground floor and overhead offices with separate ground floor access. NO 9 The property comprises of a two storey end of terrace building that is vacant and in poor condition together with an adjoining undeveloped site. Total site area circa 206 SQ M (2216 SQ FT). ACCOMMODATION No 7-8: Restaurant 213 Sqm (2297Sq Ft) / First & Second Floor Offices 79 Sqm (853 Sq Ft) No 9: Vacant 108 Sqm (1156 Sq Ft) ZONING/PLANNING PERMISSION The zoning applicable to the property is “Town Centre/Neighbourhood Centre” in the Cork County Council - Carrigaline Electoral Local Area Plan 2011. The property also has the benefit of two planning permissions details as follows: Planning Permission Reg No: 13/4708 for change of use of existing shop to a ground floor café/takeaway Restaurant, demolition of corrugated iron shed and construction of a rear extension as granted on the 3rd February 2014. Planning Permission Reg No: 14/5891 for change of use of existing shop to an off licence facility, demolition of corrugated iron shed and construction of rear extension as granted on the 5th December 2014. TENANCY The ground floor of 7-8 East Douglas Street is let to Marcello Liotta on a 20 year lease from the 1st April 2014 at a current rent of €55,000 with 5 yearly rent reviews with no break clause. The first and second floors have 1 tenant in situ with no formal lease at an annual rent of €3840.00 details of which are available on request. With regard to No 9 East Douglas Street this building is currently vacant. BER INFORMATION Unit 7-8: (Restaurant) BER: D1 BER NO: 800459331 Unit 7-8: (Offices) BER: G BER NO: 800459372 Unit 9: (Vacant) BER: G BER NO: 108475971 FLOOR AREA/SITE Total Floor Area 400 SQ M (4306 SQ FT) Total Site Area Circa 0.05 Hectares (0.128 Acre) SOLICITOR MASON HAYES & CURRAN South Bank House, Barrow Street, Dublin 4, Ireland. t: +353 1 614 5000 f: +353 1 614 5001 d: +353 1 614 2116 m: +353 864665168 e: aokeeffe@mhc.ie w: mhc.ie FURTHER INFORMATION / VIEWING

Viewing Details

For further information please contact: Stephen Clarke t: + 353 21 4251010 e: sclarke@reaodonoghueclarke.ie
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REA O'Donoghue & Clarke
REA O'Donoghue & Clarke
Tel: 021 4...
PSRA Licence No. 002428

Date created: Feb 17, 2017

REA O'Donoghue & Clarke
REA O'Donoghue & Clarke
PSRA Licence No. 002428
Stephen Clarke
Stephen Clarke
Call Agent: 021 4...