Home Ireland Cork Cork City Model Farm Road Units 1-3 Parchment Square, Model Farm Road, Cork
Units 1-3 Parchment Square, Model Farm Road, Cork
Units 1-3 Parchment Square, Model Farm Road, Cork
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Units 1-3 Parchment Square, Model Farm Road, Cork

Sale Agreed 347.23 m2
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Units 1-3 Parchment Square, Model Farm Road, Cork

Sale Agreed

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Price Sale Agreed
Property Type Investment Property
Size 347.23 meters2
Energy Rating BER-
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Group Name Savills Commercial Cork
Sales License Number 002233

Description

The property is located within the popular and well run Parchment Square Student Apartment Complex. The property has the benefit of full occupation with an annual income of €52,500 per annum. Offered for sale with the benefit of the existing tenants. Weighted Average Unexpired Lease Term of approximately 8.35 years.

Directions

Location: The subject property is located approximately 5km west of Cork City Centre on the Model Farm Road within walking distance of Cork Institute of Technology, and also wthin close proximity to University College Cork. The location has excellent public transport and road infrastructure links and is within easy reach of the city centre, and key road networks including the South Ring Road which links on the east to the M8 Cork-Dublin Motorway and to the N22 Killarney / Tralee Road to the west.

Viewing Information

Description: Parchment Square comprises a purpose built student apartment complex with commercial units located adjacent to Cork Institute of Technology. The development has the benefit of over 170 car parking spaces for residents in addition to being a gated complex. Units 1-3 are located at the entrance to the scheme with the benefit of customer / visitor car parking. Unit 1 comprises a ground and first floor office suite and is laid out with open plan reception, private offices and first floor boardroom and is currently leased to Parchment Square Management Company. Unit 2 comprises a ground floor takeaway and trades as Apache Pizza. Unit 3 is also let to the Management Company and is in use as Laundry Room and Store. BER: C3 - F Title: Good and marketable. Pricing: Offers in excess of €500,000 exclusive. Viewings: Strictly by prior appointment through the Sole Selling Agents Savills, 11 South Mall, Cork, +353 (0) 21 427 1371 / www.savills.ie Contact: Chris O'Callaghan; +353 (0) 21 490 6123; chris.ocallaghan@savills.ie Joe Linehan; +353 (0) 21 490 6124; joe.linehan@savills.ie

Description

The property is located within the popular and well run Parchment Square Student Apartment Complex. The property has the benefit of full occupation with an annual income of €52,500 per annum. Offered for sale with the benefit of the existing tenants. Weighted Average Unexpired Lease Term of approximately 8.35 years.

Directions

Location: The subject property is located approximately 5km west of Cork City Centre on the Model Farm Road within walking distance of Cork Institute of Technology, and also wthin close proximity to University College Cork. The location has excellent public transport and road infrastructure links and is within easy reach of the city centre, and key road networks including the South Ring Road which links on the east to the M8 Cork-Dublin Motorway and to the N22 Killarney / Tralee Road to the west.

Viewing Information

Description: Parchment Square comprises a purpose built student apartment complex with commercial units located adjacent to Cork Institute of Technology. The development has the benefit of over 170 car parking spaces for residents in addition to being a gated complex. Units 1-3 are located at the entrance to the scheme with the benefit of customer / visitor car parking. Unit 1 comprises a ground and first floor office suite and is laid out with open plan reception, private offices and first floor boardroom and is currently leased to Parchment Square Management Company. Unit 2 comprises a ground floor takeaway and trades as Apache Pizza. Unit 3 is also let to the Management Company and is in use as Laundry Room and Store. BER: C3 - F Title: Good and marketable. Pricing: Offers in excess of €500,000 exclusive. Viewings: Strictly by prior appointment through the Sole Selling Agents Savills, 11 South Mall, Cork, +353 (0) 21 427 1371 / www.savills.ie Contact: Chris O'Callaghan; +353 (0) 21 490 6123; chris.ocallaghan@savills.ie Joe Linehan; +353 (0) 21 490 6124; joe.linehan@savills.ie
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Savills Commercial Cork
Tel: 021 4...
PSRA No. 002233

Date created: Sep 12, 2018

Savills Commercial Cork
Savills Commercial Cork
PSRA Licence No. 002233
Call Agent: 021 4...