DescriptionINVESTMENT OPPORTUNITY - TENANTS REMAIN UNAFFECTED BY THE SALE
Imposing, mid-terrace, mixed use building laid out over ground, first & attic floor.
The property extends to approximately 1,240 sq. ft. in total and benefits from separate access to the commercial and residential elements.
The ground floor commercial unit, trading as The Renovation Centre is self contained and benefits from substantial frontage to Ballyhooley Road.
The overhead residential accommodation is laid out over 1st and 2nd floor to provide bright and
spacious accommodation with 2 en-suite bedrooms, living room/ kitchen space, and additional storage nooks. Heating is electric.
The property is conveniently located at the heart of St Luke's Cross adjoining St Luke's Inn, which is short stroll to Cork City Centre and provides access to an extensive residential community.
Fully tenanted mixed use investment opportunity producing a current rent of €23,400 per annum.
Retail unit - C2
Residential - F
The Renovation Centre occupy the ground floor commercial section on a 4 Year 9 Month Lease from June 2019, and are currently paying a rent passing €9,000 per annum.
The overhead apartment is let on a standard residential lease at a rent of €14,400 per annum.
Tenants remain unaffected by the sale.
Ms Emma Comyn, CKT Solicitors, 2 George's Quay, Cork.
Rates: €3,500 Approx. - Paid by Tenant.
AccommodationGround Floor - Commercial 53 SQM / 570 SQFT
First Floor - Residential 39 SQM / 420 SQFT
Second Floor / Attic - Residential 23 SQM / 248 SQFT
TOTAL AREA Approx. - 115 SQM / 1,238 SQFT
Viewing DetailsStrictly by prior appointment with Sole Selling Agents; Rob Coughlan