+12

The Old School House, Summer Hill, Bantry, Cork

Sold

P75 VP95 18150 Sq.ft

The Old School House, Summer Hill, Bantry, Cork

Sold

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Beds
Price	Sold
Property Type	Investment Property
Size	meters²
Energy Rating	BER-D1
Refreshed on
Eircode	P75 VP95

Description

This investment property comprises a detached two storey office building constructed and finished to a very standard. The building is of concrete block construction covered with a ridged hipped roof. Internally the building is laid out with a combination of open plan & private offices, together with canteen and staff areas. The property has the benefit of extensive on site car parking. Location The premises is situated on the northern side of Bantry, to the north of Chapel Street. A short walk from Bantry town centre. Bantry is a picturesque costal town situated on the Wild Atlantic Way. Lease Details Ground Floor: is occupied by The Office of Public Works (Dpt. of Social protection) on a 12 year lease from June 2022 (no break options) at a passing rent of €80,866 pa. First Floor: is occupied by Doran Management Financial Services Limited on a 10 year lease from June 2020 (no break options) at a passing rent of €60,000 pa.

Accommodation

Accommodation: Floor Sq Ft Sq Mts Ground 10,226 950 First 7,924 736 Total 18,150 1,686

Features

Investment opportunity with secure income. Current rental income of €140,866 pa. The entire extends to c.18,150 Sq Ft. Tenants include Office of Public works – 12 years certain from June 2022. Recently refurbished to a very high standard.

BER Details

BER: D1 BER No.800831224

Description

This investment property comprises a detached two storey office building constructed and finished to a very standard. The building is of concrete block construction covered with a ridged hipped roof. Internally the building is laid out with a combination of open plan & private offices, together with canteen and staff areas. The property has the benefit of extensive on site car parking. Location The premises is situated on the northern side of Bantry, to the north of Chapel Street. A short walk from Bantry town centre. Bantry is a picturesque costal town situated on the Wild Atlantic Way. Lease Details Ground Floor: is occupied by The Office of Public Works (Dpt. of Social protection) on a 12 year lease from June 2022 (no break options) at a passing rent of €80,866 pa. First Floor: is occupied by Doran Management Financial Services Limited on a 10 year lease from June 2020 (no break options) at a passing rent of €60,000 pa.

Accommodation

Accommodation: Floor Sq Ft Sq Mts Ground 10,226 950 First 7,924 736 Total 18,150 1,686

Features

Investment opportunity with secure income. Current rental income of €140,866 pa. The entire extends to c.18,150 Sq Ft. Tenants include Office of Public works – 12 years certain from June 2022. Recently refurbished to a very high standard.

BER Details

BER: D1 BER No.800831224

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Behan Irwin & Gosling

Tel: 021 4...

PSRA Licence No. 003218

Date created: Jul 5, 2022