76 Saint Patrick Street, Cork, Ireland, T12 YPT4

Description

The property comprises a four storey mid terraced commercial property fronting Patrick Street. The high profile premises is laid out with a self-contained retail unit at ground floor level which features a modern, glazed frontage onto Patrick Street and is currently occupied on 10 year lease by Liberty Clothing. There is a dental surgery on the first floor level occupied by The National Implant Centre on a 5 year lease, who's demise also includes the second floor which is currently in office/storage use. The top floor remains vacant and is in storage use. This investment opportunity is offered for sale together with Joint Agent Knight Frank. Tenancies Ground Floor: • Rent 65,000 per annum • New 10 year lease from Q1 2025 • Tenant break at end of year 5 • Cap of 15% and collar of 1.5% at rent review First & Second floors: • Rent 15,000 per annum • New 5 year lease from Q4 2024 • Tenant break at end of year 3 Both tenants have executed Deeds of Renunciation Viewing / Further Information For further information or to arrange a viewing please contact our agent: Szymon Slowiak E: sslowiak@lisney.com T: 087 975 2144 Viewings strictly by appointment only with joint agent Lisney Commercial Real Estate & Knight Frank. Title The property is held under a Freehold title

Accommodation

The property comprises:

Features

- High profile four storey commercial premises..- Self-contained ground floor retail unit with ancillary storage accommodation overhead..- Good display frontage onto Patrick Street..- Occupied by two tenants with top floor vacant.- Total accommodation extends to 312.9sqm (3,367 sqft) with approx. 138.68sqm (1,494 sqft) at ground floor level.

Negotiator

Szymon Slowiak

Location

The property is centrally situated in Cork city centre on the north side of Patrick Street at its...

Tenancy

Multi tenancy