Lot 15 The Roundy, 1 Castle Street, Cork City, Co. Cork

Bidding Closed

SOLD FOR

€710,000

Property Enquiries

Gillian Earley

gillian.earley@bidx1.com
+353 (0)1 637 5547
+353 (0)87 965 4555

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
  • Well known prime City Centre Investment opportunity.
  • Arranged over ground and first floor.
  • Total floor area extending to approximately 150.93 sq. m (1,624.6 sq. ft).
  • 7 day publicans license.
  • Let to an individual t/a The Roundy House.
  • Lease expiry 2026.
  • Current passing rent €67,600 per annum*
  • In light of new Covid-19 restrictions, from 13.01.2021 viewings will not be facilitated until further notice. Please email Gillian Earley in BidX1 with your contact 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 centrally located at the intersection of Castle Street, Patrick Street and The Coal Quay.
  • The area has significant footfall with neighbouring occupiers including Cornmarket Shopping Centre, Lidl, Rising Sons Brewery, McDonalds to name but a few.
Description

The property is arranged over ground and first floor to provide a high profile corner licenses premises.  Internally the property is of traditional design incorporating bar and keg room on the ground floor with function room, restrooms and bottle stores on the first floor.

Total floor area extending to approximately 150.93 sq. m (1,624.6 sq. ft).

Accommodation

Tenancy

The entire property is at present let to an individual t/a The Roundy House for a term of 20 years from 31.05.2006 at a contractual rent of €67,600 per annum.  The lease provides for 5 yearly rent reviews with the next rent review due in May 2021.

*We are advised by the vendor that due to Covid-19 the full rental amount is not being received.

VAT
Please refer to Legal Documents
BER
Number

800748238

Energy Performance Indicator

1693.38 (kWh/m2/yr) 3.06


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 Gillian about this property