Prime Investment Opportunity
For Sale By Tender / 28th of September 2017
McDonaldâ€™s Drive Thru Restaurant, New Mallow Road, Blackpool, Cork.
(Tenants Not Affected)
Prime Investment Property with an Established Current Rental Income of €165,000 per annum exclusive.
Purpose Built Drive Thru Restaurant with exceptional profile to Corks City centre northern gateway, the N20.
Outstanding established covenant - McDonaldâ€™s Restaurants of Ireland Ltd.
Let on a 35 year lease commencing May 2000 on FRI terms with 5 yearly upward only rent reviews.
Unexpired Lease Term of over 17.5 Years.
Adjacent occupiers include, Topaz Service Station, Noel Deasy Car Sales Ltd, Blackpool Shopping Centre & Retail Park, Northpoint Business Park, among many others.
The property comprises a modern and an exceptionally well presented, single storey, purpose built McDonalds Drive Thru Restaurant. Occupying an unrivalled corner profile site extending to some 0.8 acres approx.
The property, which extends to some 3,680 sq.ft, trades as a Drive Thru Restaurant and has recently undergone a substantial franchise update refurbishment representing a significant investment in fit-out by the tenant.
The condition of the offering is immaculate throughout the property.
Externally the property can be accessed directly from the New Mallow Road (N20) or Fitzâ€™s Boreen with an abundance of patron car parking.
The property is situated on a corner site with dual frontage to the New Mallow Road (N20) and Fitzâ€™s Boreen. The N20 corridor is the main approach route when entering Cork City from the northern side. McDonaldâ€™s is situated approx. 2.5 kms north west ...