HomeIrelandCorkCork CityTivoliOscars Hostel, Lower Glanmire Road, Tivoli, Cork City
€635,000

Oscars Hostel, Lower Glanmire Road, Tivoli, Cork City

235.47m 2Energy RatingHotels & B+Bs Refreshed on Nov 3, 2022
Eircode: T23C2H7
ERA Downey McCarthy
ERA Downey McCarthy
Tel: 021 490 5000
PSRA Licence No. 002584
Main image for Oscars Hostel, Lower Glanmire Road, Tivoli, Cork City
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Description

ERA Downey McCarthy are delighted to launch to the market this centrally located investment property - tenants unaffected. Oscars Hostel is located on the north-east side of Cork city centre. More specifically, it occupies a prominent position on the corner of Lower Glanmire Road and Grattan’s Hill. This is a central location adjacent to Kent Station, with a strong profile directly onto one the cities main thoroughfares. Neighbouring properties include a mix of residential, commercial and leisure occupiers. The property comprises a four storey end-of-terrace building of traditional construction with plastered elevations and a pitched slate covered roof. The entire was fully renovated in 2013 to include refurbishment of heating system, kitchen, en-suite facilities and roof. It was also redecorated throughout and is fully planning and fire compliant for its present use as a residential hostel. The entire is presently occupied under a 15 year lease from July 2020 producing an annual rent of €48,000. The lease incorporates a stepped rent for the first five years and five yearly rent reviews to market rent thereafter.

Accommodation

Ground Floor: Living/Dining Room - 30 Sq. M. Kitchen - 14.5 Sq. M. Washroom - 6 Sq. M. Guest Room - 13 Sq. M. Office - 6.1 Sq. M. First Floor: Bedroom 1 - 13.19 Sq. M. Bedroom 2 - 8.62 Sq. M. Bedroom 3 - 7.5 Sq. M. Bedroom 4 - 8.11 Sq. M. Second Floor: Bedroom 5 - 13.19 Sq. M. Bedroom 6 - 8.62 Sq. M. Bedroom 7 - 8.11 Sq. M. Bedroom 8 - 7.5 Sq. M. Dormer Level: Bedroom 9 - 15 Sq. M. Utility Room - 12.75 Sq. M.

Features

Occupied under 15 year FRI lease from 01/07/2020 Present rent €48,000 p.a. N.I.Y. 6.87% Fully fitted and presently trading Approx. 235.47 Sq. M. / 2,535 Sq. Ft. in total Built in 1900 and renovated in 2013 Brand new roof in 2013 Brand new windows to the front installed less than 12 months ago Brand new Oscars Hostel signage installed in late October 2022 Front of building freshly painted in early 2022 New gas boiler All furniture and appliances included in the sale BER E1 Electric heating via the energy saver Rointe radiators Superbly appointed and refurbished to the highest standard 9 bedrooms all with en-suites Full planning / Fire Certification Parking available Fully alarmed Fire alarm Special fireproof glass installed between kitchen and hallway Security cameras Swipe entry card system Games room Parking

BER Details

BER: E1 BER No.104668306 Energy Performance Indicator: 313.61 kWh/m²/yr

Directions

Please see Eircode T23 C2H7 for directions.

Disclaimer

The above details are for guidance only and do not form part of any contract. They have been prepared with care but we are not responsible for any inaccuracies. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself / herself by inspection or otherwise as to the correctness of each of them. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. The details are issued on the understanding that all negotiations on any property are conducted through this office.

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Property Price Register in Tivoli

Oscars Hostel, Lower Glanmire Road, Tivoli, Cork City

€635,000

Main image for printing
Beds
Price€635,000
Property TypeHotels & B+Bs
Size235.47 meters2
Energy RatingBER-E1
Refreshed onNov 3, 2022
EircodeT23C2H7

Description

ERA Downey McCarthy are delighted to launch to the market this centrally located investment property - tenants unaffected. Oscars Hostel is located on the north-east side of Cork city centre. More specifically, it occupies a prominent position on the corner of Lower Glanmire Road and Grattan’s Hill. This is a central location adjacent to Kent Station, with a strong profile directly onto one the cities main thoroughfares. Neighbouring properties include a mix of residential, commercial and leisure occupiers. The property comprises a four storey end-of-terrace building of traditional construction with plastered elevations and a pitched slate covered roof. The entire was fully renovated in 2013 to include refurbishment of heating system, kitchen, en-suite facilities and roof. It was also redecorated throughout and is fully planning and fire compliant for its present use as a residential hostel. The entire is presently occupied under a 15 year lease from July 2020 producing an annual rent of €48,000. The lease incorporates a stepped rent for the first five years and five yearly rent reviews to market rent thereafter.

Accommodation

Ground Floor: Living/Dining Room - 30 Sq. M. Kitchen - 14.5 Sq. M. Washroom - 6 Sq. M. Guest Room - 13 Sq. M. Office - 6.1 Sq. M. First Floor: Bedroom 1 - 13.19 Sq. M. Bedroom 2 - 8.62 Sq. M. Bedroom 3 - 7.5 Sq. M. Bedroom 4 - 8.11 Sq. M. Second Floor: Bedroom 5 - 13.19 Sq. M. Bedroom 6 - 8.62 Sq. M. Bedroom 7 - 8.11 Sq. M. Bedroom 8 - 7.5 Sq. M. Dormer Level: Bedroom 9 - 15 Sq. M. Utility Room - 12.75 Sq. M.

Features

Occupied under 15 year FRI lease from 01/07/2020 Present rent €48,000 p.a. N.I.Y. 6.87% Fully fitted and presently trading Approx. 235.47 Sq. M. / 2,535 Sq. Ft. in total Built in 1900 and renovated in 2013 Brand new roof in 2013 Brand new windows to the front installed less than 12 months ago Brand new Oscars Hostel signage installed in late October 2022 Front of building freshly painted in early 2022 New gas boiler All furniture and appliances included in the sale BER E1 Electric heating via the energy saver Rointe radiators Superbly appointed and refurbished to the highest standard 9 bedrooms all with en-suites Full planning / Fire Certification Parking available Fully alarmed Fire alarm Special fireproof glass installed between kitchen and hallway Security cameras Swipe entry card system Games room Parking

BER Details

BER: E1 BER No.104668306 Energy Performance Indicator: 313.61 kWh/m²/yr

Directions

Please see Eircode T23 C2H7 for directions.

Disclaimer

The above details are for guidance only and do not form part of any contract. They have been prepared with care but we are not responsible for any inaccuracies. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself / herself by inspection or otherwise as to the correctness of each of them. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. The details are issued on the understanding that all negotiations on any property are conducted through this office.