Lot 74 El Fenix Bar, 3 Union Quay, Cork City, Co. Cork

Property Enquiries

Klara Schuster

klara.schuster@bidx1.com
+353 (0)1 566 8374
+353860231001

Viewing/ Registration Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Martin OCallaghan

martin.ocallaghan@rdj.ie
+353 (0)21 480 2700
Description
Map
Viewings

Property Summary
  • A mid terrace public house investment.
  • Arranged over ground and two upper floors.
  • Total floor area extending to approximately 168.68 sq. m (1,815.65 sq. ft).
  • 7 day publicans license.
  • Let to Floating Clove Limited.
  • Lease expiry 2023.
  • Reversionary potential.
  • Current passing rent €15,600 per annum.
  • Please note we are in the process of arranging viewings for this property. Please contact Klara Schuster in BidX1 for further details.
Location
  • Cork is the second largest city in Ireland with a population of some 210,000 people (as of the 2016 Census).
  • The city is located approximately 119km south west of Waterford, and approximately 95km south of Limerick.
  • The M8 is situated approximately 7km to the east of the city centre and provides access to Dublin and the north east.
  • The property is situated adjacent to Anglesea Street, Albert Quay and Parnell Place.
  • Cork District Court, Cork City Hall and numerous apartment complexes are all located within close proximity.
Description

The property is arranged over ground and two upper floors to provide a mid terrace public house.  Internally the property comprises bar facilities over ground and first floor with storage facilities on the second floor.

Total floor area extending to approximately 168.68 sq. m (1,815.65 sq. ft).

Accommodation

 

Tenancy

The entire property is at present let to Floating Clove Limited for a term of 10 years from 26.09.2013 at a contractual rent of €31,200 per annum.  The rent was subsequently abated to €15,600 per annum in January 2016. The lease provides for 5 yearly rent reviews with a rent review notice served in December 2019.

VAT
Please refer to Legal Documents
BER
Number

800755464

Energy Performance Indicator

495.69 (kWh/m2/yr)


No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.


Contact Klara about this property