Lot 187 12 Midleton Street, Cobh, Co. Cork

Bidding Closed

SOLD FOR

€255,000

Property Enquiries

Robert Hefferon

robert.hefferon@bidx1.com
+353 (0)1 667 3388
+353 (0)87 799 0435

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Domhnaill Small

d.small@beauchamps.ie
+353 (0) 1 418 0938
Description
Map
Viewings

Property Summary
  • A mixed use investment.
  • Comprising a ground floor retail unit together with 2 x two bedroom apartments overhead.
  • Extending to approximately 212 sq. m (2,282 sq. ft).
  • Retail unit let to Boylesports.
  • Lease expiry 2026.
  • Town centre location.
  • Current rent reserved €14,000 per annum with vacant possession of 2 x apartments.
  • Net initial yield 6.4%.
Location
  • Cobh is a town in County Cork.
  • The town is situated approximately 23 km south-east of Cork City.
  • Transport links are provided by the R624 and the E30 providing access to Cork City and the M8 providing access to Dublin. Cobh train station is on the Dublin to Cork mainline.
  • The property is located on Midleton Street cloe to its junction with Bishop Street.
  • Surrounding occupiers include Spar, Four Star Pizza and Jack Doyles.
Description

The property is arranged over ground and two upper floors to provide a mid terrace mixed use building. Internally the property comprises a ground floor retail unit together with 2 x two bedrooms apartment overhead.

VAT
Please refer to Legal Documents
Property Table
FloorAccommodationTenantSq. m(Sq. ft)Lease TermsCurrent Rent € p.a.
GroundRetail

Boylesports 

116 sq. m(1,249 sq. ft)

10 years from 01.10.2016

IRI terms

Five yearly rent reviews

Excl. of rates and VAT

Break option year 5 (tenant only)

€14,000 p.a.
1st Floor Two bedroom apartmentVacant 47 sq. m (506 sq. ft)--
2nd FloorTwo bedroom apartmentVacant49 sq. m(527 sq. ft)--
  Total 212 sq. m(2,282 sq. ft.) €14,000 p.a.
BER
Number

Available From Bidx1

Energy Performance Indicator

858.83 kWh/m²/yr0.99 - 629.7 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 Robert about this property