Blackwater House is currently generating a rental income of €241,189.71 per annum (from 15th November 2017), with approximately 60% of this income secured from Irish Water.
The property offers an attractive asset management opportunity with the potential to secure and increase rental income.
Undeveloped lands offer future development potential (SPP).
Available in one or more lots.
Tenants not affected.
Mallow Primary Healthcare does not form part of this transaction and is in third party ownership.
BER: B2 - C3
Mallow occupies a pivotal location in North Cork on the N20 national primary route, 36 km north of Cork City, 67 km south of Limerick, 66 km east of Killarney and 31 km west of Fermoy. Mallow has a population of approximately 12,459 persons (Source: CSO 2016).
There are future plans to upgrade the N20 to dual carriageway standard as part of the Cork / Limerick motorway and will dramatically reducetravelling time between Cork and Mallow. Mallow's location is one of the most influencing factors in the development of the town and is known as the “Crossroads of Munster”. Mallow is also served by a rail link to the national rail network providing hourly links to Dublin and Cork. Cork Airport is also located 42 km south of Mallow, and Shannon Airport is located 92 km north of Mallow town.
Mallow Business Park comprises a 7.42 hectare (18.34 acres) business park in total and is split into four distinct quadrants. Quadrant 1 comprises of Blackwater House, while Quadrants 2 & 4 extend to future development sites. Quadrant 3, known as Mallow Primary Healthcare Centre, does not form part o ...