Investment/ Asset Management Opportunity
FOR SALE BY TENDER/ 30th NOVEMBER 2017
DEANROCK BUSINESS PARK, TOGHER, CORK An opportunity to acquire a substantial Business Park Investment Property (excluding Mr Bells) with the current tenants remaining unaffected in this high profile location.
The property offers a combined current rent roll of €144,600 per annum with an opportunity to increase revenues through strategic asset management.
The building extends to approx. 30,375 sq.ft and occupies an overall site area of approx. 1.4 acres/ 0.57 ha with some 70 car parking spaces.
This location provides immediate access to the South Link Road Network (N40), between Kinsale Road Roundabout and Sarsfield Road Roundabout. Established occupiers include Rock Bingo, Fast Fit Tyres, Allen Barber & Life FM.
The subject property is located off the Togher Road and Tramore Road, on the southern periphery of Cork City Centre.
The property benefits from some 90 metres of frontage to the South Link Road Network (N40). Deanrock Business Park is positioned some 2.5 km west of the Kinsale Road Roundabout and 2 km east of the Sarsfield Road Roundabout.
Immediate occupiers include; DG Welders Equipment, Togher Pharmacy, Abbey Ville Veterinary Hospital, Deanrock Bar & Deanrock Technology Park.
The offering comprises the Deanrock Business Park, laid out over ground and part first floor.
Currently in mixed use to include a well established, state of the art Bingo Hall, commercial units and office accommodation.
The majority of the Park is occupied with a current rent passing of €144,600 per annum and the vacant space affords an asset management opportunity to increase revenues for a new purchaser.
The entire (excluding Unit B "Mr Bells) is for sale on an investment basis with the tenants remaining unaffected.
The overall buildings extends to some 30,375 sq.ft/ 2,822 sq.m approx. with some 70 car parking spaces and occupies an overall site area of approx. 1.4 a ...